Aleem Khan fails to satisfy investigators on offshore companies: report

Aleem Khan NAB Investigation report report initial report PTI senior leader Punjab senior leader PTI
07 Feb, 2019 10:49 pm

LAHORE (92 News) – The National Accountability Bureau (NAB) initial investigation report stated that Punjab senior minister Aleem Khan could not satisfy on offshore companies.

92 News obtained the initial investigation report. The report revealed that the assets owned by the Pakistan Tehreek-e-Insaf (PTI) leader had revealed that he held 35 different companies, but he couldn’t satisfy investigators when asked about his firms.

The preliminary report stated that Aleem Khan was currently facing probe on 12 companies he owns. The report, presented in an accountability court in Lahore, reveals that Aleem Khan owns 35 companies in total, which were formed between 2003 and 2013.

Reportedly, he couldn’t satisfy probe officers regarding Rs 1 billion he acquired through his firms. The report further said Aleem Khan bought 900-kanal land for Rs. 600mn, and he couldn’t give satisfactory response to the NAB regarding the said amount.

The National Accountability Bureau (NAB) has discovered that offshore properties owned by Khan in Dubai have a value of 30mn dirhams.

Aleem Khan remanded in NAB custody for nine days

Earlier today, Accountability Court Judge Najamul Hassan remanded PTI leader Aleem Khan in the custody of the National Accountability Bureau (NAB) for nine days.

The NAB prosecutor told court that the agency had to conduct basic investigation into the case of assets beyond known sources of income and offshore companies. He demanded 15-day remand of Aleem Khan.

Aleem Khan’s counsel contended that his client had appeared before the NAB whenever he was called and there is no need of the physical remand.

Aleem Khan said that no company or flat was out of the tax record. “I solemnly admit that he does not know about the letter sent by his counsel to the NAB. The NAB chief is annoyed with me over the letter. When appeared before the NAB, I was told that the letter was intolerable,” he said.

He was produced in court amid tight security. A large number of PTI workers also reached outside the court. After the hearing, Abdul Aleem Khan was taken back to the Lahore NAB Office. He will again be produced on February 15.

According to a press release issued by the Lahore NAB, Aleem Khan was arrested for owning assets beyond his known sources of income.

Khan faces multiple inquiries, including one involving offshore company Hexam Investment Overseas Ltd, one for owning assets beyond his known sources of income, and inquiries into his involvement in the Park View Housing Society and River Age Housing Society.

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