ISLAMABAD: Pakistan’s outgoing army chief General Qamar Javed Bajwa’s extended family became billionaires After he assumed command of the military in 2016: accumulated assets and businesses exceeding Rs 12.7 billion in India and abroad over the past six yearsAccording to an investigative website, FactsFocus.
Financial minister Ishaq dar took note Monday of the report. “illegal and unwarranted” Gen leaked tax records Bajwa’s family members. He directed Tariq Mehmood Pasha, PM Shehbaz Sharif’s special assistant on revenue, to personally lead an immediate investigation into the violation of tax laws, breach of Federal Board of Revenue (FBR) data, affix responsibility and submit a report within 24 hours.
Citing Gen annual tax returns and wealth statements Bajwa’s family from 2013 to 2021, the report claimed that his wife Ayesha Amjad wasn’t filing any tax returns when he became Sabir was a lieutenant-general “Mithu” Hameed, his close friend and father-in-lawin-Law of his eldest child, was an average businessman. “Everything changed for both families as they moved ahead and became one family.”
Within six yearsAccording to the report, both families are affected became billionairesHe started an international business, bought several properties in foreign countries, and started to transfer capital abroad. became Owners of huge farmhouses, large plots and commercial plazas in Karachi and Islamabad, a vast real estate portfolio in Lahore, etc.
“The current market value of the “known” Bajwa has acquired assets and businesses both inside and outside Pakistan. family During the last six years is more than Rs 12.7 billion,” the report said.
The tax records said his wife’s wealth went from zero in 2016 to Rs.2.2 billion (declared & known). in six years. It stated that the amount didn’t include residential plots, commercial plots and houses given by the army to her husband as chief of the army staff.
It was claimed that Gen’s declared assets total value of $47 million Bajwa’s daughter-in-law, Mahnoor Sabir, was zero in The last week of October 2018. It reached more than Rs 1,271 crore just one week before her November 02, 2018 marriage.
Thought Mahnoor These properties were declared by Sabir to the tax authorities in 2018: The filing retroactively stated that these properties had been acquired in The tax years 2014, 2015, 2016 These declarations are to prove that each property was purchased prior to Gen Bajwa. became The army chief in November 2016.
These annual returns and the declarations for tax year 2017 were submitted on September 14, 2018 and October 23, 2018, respectively. Later, the declarations for 2018 were submitted on December 17, 2018.
Mahnoor too became “the manager” An oil company Taxx Petroleum Pakistan, in November 2019. November 2019. in Pakistan’s head office in Dubai, was the first city to be registered in Pakistan registered as a nation on November 14, 2018. in The UAE on January 16, 2019,
Sabir’s incorporation documents taken from Pakistan are shown in the following: “Mithu” Mahnoor Hameed’s father, Hameed, and his brother Nasir Hameed serve as directors. Mahnoor is running Taxx Petroleum from its declared headquarters, where it began its operations in Pakistan just days after its incorporation. in Dubai. Mahnoor’s LinkedIn profile lists her as a senior manager at Taxx Petroleum.
Assets of Mahnoor’s other three sisters, including a minor, and mother also grew from zero in 2016 “billions” in The following are some suggestions years.
Furthermore, the tax returns of Sabir Hameed—father-in-laws of Gen Bajwa’s son, Saad Siddique Bajwa—were less than a million in 2013. But “in the coming years, he became a billionaire”According to the website,
According to the publication it was not able to obtain information about assets in The name Gen Bajwa’s two sons. FactsFocus claimed the site had seen a surge in traffic since the publication of the story. “disrupted”While claiming that the site was not a scam, “banned”.
Also, the website published extensive stories about the subject. “misappropriation of funds” A variety of politicians and other influential sectors in Pakistan, including Imran Khan (PTI Chairman) and former dictator General Pervez Musharraf.
The publication had published in 2020 a report about the alleged offshore assets and businesses of Lt-Gen retired Asim Saleem Bajwa (ex-Chile-Pakistan Economic Corridor Authority Chairman) and his heirs. family.