Major financial scandal awaits Imran Khan? Follow Pakistan businessman Arif Naqvi’s money
david waker
3 min read
Major financial scandal awaits Imran Khan? Follow Pakistan businessman Arif Naqvi’s money
Can the Arif Naqvi trial, a founder who was humiliated from the Abraaj group that did not exist, revealed financial information that could be proven to damage the Prime Minister of Pakistan who was overthrown by Imran Khan? Pakistani businessman built abraaj “to become one of the most influential developing market investors in the world”. Then a criminal accusation came from US and millions of dollars from Dubai for fraud and deviations. Since then Naqvi has been under house holder in England. Now, Imran Khan might face heat. A source close to Arif Naqvi said that he claimed to give Khan around $ 22 million for his election campaign in 2013.
Could it be an unfounded Imran Khan claim about the ‘American conspiracy’ to depose it is intended to prevent such scenarios or exposure? So that he can deny such a relationship, especially because Khan always claims to be clean and calls his political rivals thieves who looted Pakistan.
This will be another big scandal to shake the policy of Pakistani which is volatile and polarized. In 2017, former Prime Minister Nawaz Sharif was disqualified by the Supreme Court to hold his position on the grounds that he was not honest with parliament and the court in not revealing his work in the FZE capital company based in Dubai in his 2013 Nomination Letter.
Arif Naqvi faces a criminal indictment in the US and is currently waiting for the results of his appeal against the decision by the Westminster London Magistraces Court to allow extradition to the US. Abraaj Group – Based in Dubai – Managing $ 14 billion for investors at its peak before its collapse in 2018.
Two of Abraaj’s Senior Managing Partners, Egyptian-Born Mustafa Abdel Wadood and Sri-Long Born Sev Vettivetpillai, Admitted Guilt to Most of the US Criminal Charges After Striking Deals with American Prosecutors in September 2021. Money laundering is said to have been carried out between 2014 and 2018.
Naqvi was sentenced to three years in prison by a court in the United Arab Emirates due to a case involving a low -cost transporter of Arabia PJSC water. The Dubai government fined Abraaj record $ 315 million for deceiving investors and misused their funds in July 2019. In January 2022, the Dubai Financial Services Authority slapped a fine equity. Naqvi “Personally proposes, is regulated, permitted, and executed actions that are directly or indirectly misleading and deceiving investors,” said Dubai authorities.
Naqvi has been in British police custody since April 2019 when he was arrested at Heathrow airport for allegedly deceiving investors. He was rejected by a guarantee by a London judge on April 29, 2019 after the prosecutor said he might have fled to Pakistan rather than facing US fraudulent charges. When Naqvi was arrested, he had four passports. He wrote seven telephone numbers for the police. One of them is Imran Khan.
Judge Emma Arbuthnot, who denied the guarantee, observed that the telephone number was “a sign that he has friends in high places in Pakistan. If he is given a guarantee, I will be very worried he will leave the country. “It might be very embarrassing for Imran Khan if the trial of the court in the US revealed the relationship between the embezzled money and Naqvi’s money was allegedly sent to Khan and his party, PTI.
