Investigation Report of the Joint Investigation Team, Panama Case Volume IX (Assets beyond Means ~ Mian Muhammad Nawaz. Sharif) Joint Investigotion Team Constiuted by the Iimplementotion Bench ofthe Supreme Court ef Pokstan vide Order doted Moy®, —————————— IR (Q/PCHOT2017 ISLAMABAD.INTRODUCTION 1. tts Onder die Anil 20,2017, the Honorable the Supreme Court of Pakistan, in “alton tothe thinaea questions posed othe JIT fo investigation, task investigate the case and colt evideree, iy, showing thst Respendent No. 1, orany of is dependents or Tnamidars, owns, possess or bas wogited any assets or any interest therein, “isproprtonate to his known mess of iam. The thitezn questions posed in the Onder cect are inked with is nivel query 2. The nite twomonth long investigation proceeings have een focused on tscetasing means of income of especially Respondents No. 1, 6,7, a 8, namely; Mian ‘awa Sharif Prine Minister of Pakistan, Ms. Maryam Saf, Mr, Hsin Nowa: Shit and Mr, Hascan Nav, Shaif, respectively Extorsive bearings have been eld to reco isements of the Respondents aa! accord them —opporiitics 9 provide doeunentnfaton that may prove a plasile explanations fr amassing the wealth and income. Al Respondents, as wel asthe persons connected with the afin of the Shari family, who were suzmoned by the 1, dd tor could ot fuss relevant and eqs information. ‘The record that was made available to the JIT by the Responds was 3 plication of ha aboady available, with very ew new documents made aval, in he Honorable Cour thwugh their responses 19 the Constitution Petitions Np. 29 of 2016 et. Not even emote content of plausibility was prove, 3. The new evidence collected by JIT (dscused inthe relevant documents ofthe JIT Report Panana Papas Pakistan) is as une: 1. Conflemation ofthe beneficial ownership of Maryam Nava of BVI ‘eompanies namely: Nien Enterprises Limited and Nescol Limited by the Federal Investigation Agency, British Virgin Islands - (Volume Vi 1 Confrmation of Chalrmanship of Mian Nawaz Shasit in offshore company namely; FAE Capital UA. by Jabel Al Free Zone Authority GAFZA)- (Volumes Vand D ii, Confirmation of fet 1 salefparchase agreements submited wa yD) and3 |. Confirmation of forgedtampered documents submitted as Destaratons of “Tras bythe Respondent, by the forensic expert, UK. (Volume 1V) 4. The crvidenoe, epecilly pertaining to the Aven propeties at ()sbowe, ndermines the saga of the Sharif family and questions the verity of the ene ocuneaation submited by thm inthe Honorable Supreme Court of Pakistan in thei oteace 1 justify the proportion of the income and the assets Ii etblised that the ldo of Respondert No, 1 and wer his dependents they were minora with m0 independant soaces of income of thsi own and daring 1985-99 when Respondent No 1 catered into potcs. The goup of compunies owe by the respondent no 1 witness an ‘xcepional growth spur in ers of weath and income, The assets grew geometrically but the doolod wean and known sources of Respondest’s No, 1 income vies the retuns, company infomation, al bank account statements of Respondents collected from «he FBR, SECP and SBP, respectively, tte otherwise 5, Te would bein the is af thing atin a spropotonate ass case sacha his, tne Respondents shoud see recourse odcharging the burden fo prove th the ase ae proportionate to known sures of income, I is up to the Respondents to establish beyond reasonable dou, the valu ofthe asst poses by them and sources of neon fom which hese were pcre. JIT does not live that ts necessary for the Respondent provide an absolut estimation of thi income and assets but rather an explanation hts at the lea, wasonable and worthy of secptance, It would hve sified o prove, relevant income tax and welt saemests,seerate snd uptodate audited financial statements showing the profits and income generated by compates incorporated Ioslly sl abrond docuneted cash-ews; documentation of fcities underaken from fnanca nstations nd thet repayment proof of collateraliecutyiguaranees provided for sscuring lets of roi and other; documented cross-border ad ntercorporat transfer of fonds through ‘banking cannes, angst othe things, More apeifilly, proper docimesation showing the exablishment an sale ot Gl Ste als, ALAM Stel Mil, nd AL-Aisia Sts Mie, sources of equity sed for essblishnent of Hill Metals Fstblishnent Jeddah, KSA, ani Flagship lavesmens Ine, and oer companies inthe UK, thir profitability and remitances to Pakistan (detiledanalyyes of those isos re discussed in det nthe relevant volumes of the Final Report of he JET). Yet atoter sea of obscury te dhe "SPVS" Special Pupone ‘Vehickesiotibore companies ied by the JIT Capital FZE, Chacon 4 \Inc, Coomiber Ine, Nilson Enterprises Limited and Nescoll Limited and otter shelf companies pooured i the UK, British Virgin nln, Ile of Mann, Jersey, ete. hich played the role of combs fr tasting money wo destinations around the wok! or back into Pakistan, 6 Neverticles, sn analysis ofthe tx and wealth etums, nancial statements of he companies in Pakisan, bank secount statements and record of the Respondents was, uadesahen to temp establish the money tll and account forthe build-up of assets in Pakistan and abroad since the esablskment of Mafag Foundries by Mian Sharif and oer assets which wereaesubrequendy managed bythe chien of Respandet No, 1. The subsequent paragraphs present an expose of Respondents No.1, 6 7 8 nd 10 and any person who had any ens with he asset scumaton with respect to hiss tax, company aa aking codlent no 1 (Mian Maar 7. The avaiable ond shows that Respondent No, sted filing etums fom yer 1983.84. Complete rex of ax rma! wealth tateents wore not fished by FBR as for aesoment years 199298 - 201/02 & from 200405 - 200708, wealth statements were not “fled by Respondent Ne 1, wore so, TT ten forthe yet 2007 was no provided (dts ao ‘at Aauex A i his statement mde before the JIT on 5 June 2017, Respondent Not category stated ts inal, he Bad ben a shareholder anor director in a few of he companies estlishd by it Tne father in Pakistan, However, he bad not boss actively involved in the busines of ay of tose comes sins th year 1985, He also tated that he fad boca actively involved in politics since 1981 and has devoted it ene fife 0 his ‘cccuption sa poiticn. The se stance has ben ken by hin i various publi Pech. His stance has also been sinforeod by Respondents 6, 7, and 8 in thee eonese statements fled before the Honorable Supreme Cou, Gt ter filer (Respondent No, 1) bas no concert role in thee busines and propertis. The JIT, ding the couse of investigation, alysis of avaiable tx returns and walble financial details of his companies with SEC State Bank of Pakistan (SBP) has come ars the following fs Opening of accounts a5 CHO of Chaudhary Sugar Mills, During evaluation ctor nee! em tv sy eT, nl eremena sett nd Poin Gv Srey eel on 1239 en ‘pei om i a ened tn cra mea cup i Cty See src (ht be met ping to fe en poets Cure ut ast) Line wd aa Cro tte ct Sap ts nin Ge 3 ie a a oe peel Ora wei tipi loin titan of et ot ne pening em fi putes me ao z Fae tay Rennes fs Rand a wrseos a ae ee se st la ‘Sugar Mills Limited and adivess of taxpayer as ‘olo Chad suai Ma “Limited, 146, Abu Bakar Block, Garden Town, Lahore’, It may’ sees Ren Ie 00 drs if ao sect he6 increas to 2,012,538 shares on 31-1-13 and 12 allo om 31-1-16 (Annex Dp Deawing of Salary from Chawdary Sugar Mili, While analyzing an sccount tment of Respondent No.t (Annex), it was noted that during 2010 102013, he has esa ecivng regular slry from CSML on «monthly basis (R624.372 milion in sgpregate) It was observed that ding 2010-1 snort of Rs, 560,00 per month was received by Respondent No. rom ‘CSML for nine months wile the amount was increased to Rs.800,000 pr month cing 2011-12 Silay, Rx 20,47 per month was received ding the fat 11 months of 2012-3. Contrary tobi pebly held stance that head 1 fle or involvement with the faiy business; be was drawing monthly «lary fom CSMIL The rewing of salary from CSM i aso dselosed inthe Income Tax ets le by hi “Teanaton showing nvlvement wh CSML afae tn ition, couple of nail tansetonsof spot No. with CSM were sto obs 600 28:6-2010, CSM ttre RsS.670 milion nhs account, Sina, en 2350-2015, Rs 18019 wilion was transfered by responds No.1 (© comL(ames Capit FZE-Dubai: The Honorable Joie Yu-u-Absan in his separate jndget specifically raed the iene of Capital FZE-Dubsi; The relevant paras) are reproduce below Quote: 2.1% an or eid postion tt Reson No 3m @ company ter he name end slo lip esis ned which raced ‘hoi sa of money nthe ear 200 nh sl ape had oe of cone. Ove he cnr ofthe ne fear amber of her copra were er ple ver by Responder Na lege for the pups hs eal ese bases, The owes fom wih he i companies wert fone rs ded ty. hr Jet amie company nr te mane and se of Capt FZE, Db [esunably registered der the as of UAE. Funds also appge 0 HRA brood og hed copy n't den hal1 ‘of Respandert No.7. The real ownership and business of the said company isetear from the record whic neds to be explained. No effort hasbeen made onthe part ofthe Respondent to amarer the questions onthe afore ote mater 89, Rarer the source(s) of fing for Aisa Stel Mil and Hill Metals atdlihoent in Sauih Arabia, Flagship Investments Lined and a ‘unber of ther companies set wlan over by Respondent No’ also reed 1 be established. In adton to the as of Capital FZE, Dab which als appears to be ned by Respondent No? mel an ingiry. 90. idence sll bso be collected bythe JIT regarding sorces) offing of Capital P2E, Db; s business activites and ole in rans of ands tw ferent entities ned ar controled by Respondents No.7 & 8 Unquot ‘As alse pointed ot by Honore Jastce aza-Ahsan the real ownership and business ofthe sid company is unclear fom the reeatd which needs tobe ‘explins, No effrt has bean sade on the pat ofthe Respondents. The noche use alan desir hat evidence to be ellested by JT eping FE, Dubai its business activites and vole in aster of finds to diferent nities owned or conolad by Respondents No. 7 and 8 These questions vere psd tothe aforesid Respondents inter appesrances Before the JT: weve, demi repeated request no saisfactory evidence was produced by thew. Hwee JT inthe couse oft investigations was sucessful in colcting viens div fiom the conte Regalory Authority). Jebel Ali Free ‘one Autosty (AFZA), in Dubai, The evidence provided reveled that Capital FZE was grated a Trading Licease, beating Registration No, 861, on COcober 1, 2001. The license shows Respondent No, 8 as Manage. The authorised activites included Metal Ores Tading, Bad Steel Prodoes “Traig, Basic Non Ferous Metal Produt Trang, Fencing and Barbed Wire “Traicg, Metal Ces and Continers Trading, Metal Alloys Trading ad Meta ‘nan Bartels Trang Fuhr, evidence ths procure reveals dat i [Nave Sharif. Respondent No, 1, was the Charman ofthe Board for Capa® -F2E fron August 7, 2006 wil Apri 20, 2014 ata salary of AED 10,000 Furth, evidence reveled ta his slary was revisod on February 02,2007 vie Fnployment Contact Ansndnent ~ Form 9, daly signed by Respondent No. I led with JAFZA. On the Basi f this employment Respondent No. 2 vas able to procure “igama dated 57-2009 and valid upto 4-6-2015 10 work anrl eside in Dub (Anne ©) As dscessed in dtl dor the Sections covering Hill Metals Establishment aac git between the Respondents, «payment of USD 100,00 fom he secouns of Hil Metals Establishment 10 Capital PZE was noted in the ocumeatsprocred depeing an evidence of rotation of money betwee fanaly businesses -Anothe: example of ration of funds bawoen the aeeauns of Respondents acused in detail une the Secon on HEll Metals Establishment that Responent No. | insted the Bane Manager AL Raed to transfer ‘SAR 750,00 fom his account No, 462 60801 34552 to Respondent No, 7 “Acooutt No. 46260801 0006782, Three, Respondent No, 7, othe same Ay, trough an Advice dated Sept 20,2010 instated Al Raji Bank to teaafr SAR 750,000 fr bis acount 462 60801 0067K2 fo Hill Metals stablaiment (Annex H) low of transactions es 6 Sighfiant infringes bave boon observed ducing detail seta of bank accounts of Respondents No, 1 ad 6 Between the period of 2009 to May 2017, approximately Rs. L4 Bilin landed in Respondent No, 1's ben sccout mal fom Respondent No, 7. Of these inflows, Respondent No. 1 trasfared Rs. 822.726 milion to the ascouat of Respondent No. 6. For els reference t0 the Section covering he issue of git! remittances is sade isla at ‘tax Year 2003 soncesiment of Rs 45 milion by Main Nawaz Sharif: As per Ws ‘of Rs 100 million was shown as donation given to PML (N). Thi Et war cooboratd by the J from he statement of Wealth of the seve”2 ‘(Aone During analysis of account tment was also observe that an mount of R45 milion was tansfered back bythe PML (N) on 10-6201 to Respdent No4 (Annex J) This inflow of RAS milion, although ‘reflec inthe eount statment, was ot dislosed inthe Wealth Statement enc, appear tht he Respondent No. J not nly eanceaed his set 1 the tue of 845 milion bu also mreparted in the Wealth Statement forthe as ‘year 2013 submit under Seton 116 ofthe Income Tax Onnance, 2001 1k Respondent No, 1 in his adress tthe nation and speech on the for ofthe Nationa Asetbiy laine ha hi father owned ution rypoes eset in the 1970's before the indsey was naonalized; a clip that cannot be sceraned throgh his personal Tax retusa wells ofthe parents. Refer t» Annes Af Volume XA). ‘Years Teta West o Man Muhanad Shot Bog III IIE “The recon me availble othe JT by the SECP (Geils and misstatements made by SECP with regede to provision of document information is attached as Annex K) revealed det saretolding of Respondent No, Lasunde= ‘Nam of Companies ‘Years of Starch ‘Cnalay Supt Mile Limited | 2090-2008, 2010-2013 ‘ommnod Buks Texte ils |BOU2015 [hci cP Lod | i 19921994 1 TE, 1986-198, 1990/1984 | i Ta eSir) TictagSoudies Pivaie Limited] 1980-1995, azan Sugar Ms Lied Toon 9s Tiig Sagar sini DRDO Fwd Paper Mis ima ‘20107018 THodabiya Engineering eve Lined | 2070-2016 Tyas Fates Private Lied | 1986-1995 Teta Tele Mis inte T9719 IOTG, TTS I980, 186, 1s-19s9,1902-1994. 1998 ‘Migfngoundeies (Private) Limited. Te comrany (incorporation on 6 Now 1962) was the firs company incorporated by Mian Mukamunal Sharif shares were equily dstribted emongs seven brothers (Annex L). 12 1966, 100, shares f tis company were alloted to Respondent No, thus he became the ag Direte of the sid company. Trend of loans ebixned against ound from 1972-1992 isrefecte prapically below. “ronof ens gant tela Foundries PARin Me) Pa» satioaiaton ofthe ergy io 1972, he ak oa was RS 47 ilo towevs fer eatnlation fh company in 1979, oe of omoiy wat Rs 70 iio, Mosover, he mil conpay bind thes Tous and repr i foun Uiy f Re. 752 lion in the yea 199 Shaul, than ably was et Ni in ya 1992 allows ys in 1 CC 9 209; CO 2395) and ssvey ais 9098; 38054 35904, AE vot he Conan in 16 ts einen oetion ee Resp 1 i ot provide any Saal statements ofthe sid company 0 ren Coyn Responcet’s No, {sk ote potiteaferetfont of Pakistan, especialy fir 1985, his company obtained subtatillons. Thera, the sid company ‘eas usb to py off its Hibilties, thus, wining up patton and recovery suits wer filed sins the sid company in 1996, From te aforemeatione, appears that Respondent No, {wed he ‘Morea, msjrshreioling was kept inthe names of eter faily members ‘oF Resoent No.1 it would se, 1 avoid any dec conection wih he ins asin thereof Tn foundation for uch veatres was aid by tng Found (Private) Limited. ing scheme to accumulate weal Wc Tene Mil Limi, tng Teste Mis Limited as ncorport an 30-api-966 (Annex), As pr te aval nfrmation provided by SCP, the saeoldng ofthe Respondent No was 096% shares end he remind distor of the Company in he yar 1972 on 1986 t 1988 {Chief Minster Pu. The fou review of the avaible resort / infnation sbowed tain the yer 198, the Company basa negative equity of a 4 millon and ttl ast of RS, 1,132 millon, The Company bas ites ward reed pts amoung 0 RS. 286 milion a seals fre ete pti wos Rs, 448 ion, Te sabe eo evel ne men of dividends by tis company ding the prod of Respondent No Tel ses; and (Di we me, if ot then pean Teves euThe copays profits dd mt canbe tovals the weath acumulision of Respondent No, 1. The inate of his company ing tepid ‘win Respondent No, deere as eling pola fig of akan, thas find eon compay tha is rina fai, mainly wed ove Suns yet bloom he company sigue telow‘defn Brothers (Private) Limited. lef Brothers (Private) Limited was Incomperated on 23 May 1972 (Amex N)- The aviable record ofthe sid company showed Respondent No.1 to be the sharholdr (ranging between 5% 035% since 1973 othe ast nul return receded in 1998 and estor cf the Company fom 1973 to 1986, In 1981, Itefig Brothers (Pvt) miedo ability OF RS. 15 million (an inert fom Rs, 2 milion) vty a paid-up capital of Rs. 115 millon, A sini ptr of Taming ws seve after 1986 (hes he prominely had riven on dhe pote! freon ‘of Pokisan) the lonns due bythe company were reported obs Rs, 210 milion in 1987 and Rs. 236 milion the following yar. Hower, in 199 ll 1996, the Jan ibis were epried at NIL, The company epertedly had nealve cuily and no dividend was paid 1 the shareholders, The ssid company salsequenly fled a Windingsp Petition CO 69S and Banking Taibanal Suit 1095 followed therentr (Did we ask The available revo reveled 90 syne of dividend by ths company during the period of Respondent No. 1 ‘eld shares ofthe eospany. Aer, Respondent's No.1 ite the pottica focefint of Pakistn especially after 1985, his company bined sulstta Ions. Threat, the sd company was unable to pay off iit ts, windog op petition and resoveey suits were fled against the company Respendent No. Idd ot provide ny poi eco! ofthe sid company to jus the jcome ear om it.‘Mefag Sugar Mile Limied, Inefag Sar Mis Limit was incorporsed cy 04-May-1982 (Annex O), Respondent No, 1 was holding nominal shares in ‘he company as hs maar sarbolding was 188,000 shares in 1989 which eolne! to only 1000 shares in 2007 whores Infiq Founis Private Lied and nef Brothers Lined remained major shreolders in he sid Company. As per te silable information, te company hada pup capital of Rs. 56 milion from the years 1982-1995, In the initial year, the sid ‘company borowed finds ffom Sinncalisittions, which increased fom NL toRs. 248 millon in the year 1983, and ot lion in 1982 to Rs 360 millon in 1983, Ii pertinent to mention tat its ‘one ofthe very few eompies ofthe Shai group tat made pros however, the sid eompeny dd ot pay any dividend il the year 1988 and thereafter 0 cts ierased fom Rs, 27 substi income cou! have been eared by Rexpondent No, 1 fem his compary due to his nominally changed shrcoldng. The avaible record revealed no payment of dividend by during te period of Respondent No.1 ‘wus blding shares, I ean be concluded tha his compan}'s profits did not contribute towatds the wealth accumulation of Respondent No,Ramzan Sugar Milly The Company was inorporsed on 4Aug-990 (Annex PAs pr the avaiable information, the sarebolding of Respondent No 1 aang-with his wife ad eile was 10% ors 1993 to 1996 and about 8% rm 1996 o 2014, Dating te afore-mentioned period Respondents No.7 & 8 rerined asthe directors ofthe Company forth year 1999 0 2001 and 2004 4 200. In 2015 onwards, the faily members of Mr, Shaaz Shait became the majority shrcholes of the Company and th shareholding of Reson No filed o NIL The Bia vet avlele coat infomation reveal hat the Company was ini in losses and the quit emained neptive for he yes 1992 to 1995, However, the Company boctne profitable and as por the 2015 financial statements te Company's xt improved to Rs. 875 milion. The aval ecord reves no payaent of dvilends by this company during the period of Respondent No.1 Holding significant shes. The company's profits did ot contibut towards the wath accumulation of Respondent No.l Ithas been observe that his isthe only Pokisan-Snsed company in which the Respondent No.1 alongwith his Fanily members were shareholders end is equity relatively improved over he yews iia1, Chaudhary Sugar Mis Limited Chaudhary Sugar Mills Lite is reported tobe insorportd on 05-Aug-1991 (Annex Q). As per te lermaton made availibiy Respondent No, 1 bel approxinsely 78% sates oF Chauthary ‘Sagar Mills Liited since 2000. o eo 11992, the said company morgage is roperies located at pant site 1 Toba Tek Singh to seoue ¢ long-temm monbaba finance fom Faysal Al simi of Bahrin B.C amounting to Rs. 309313 milion However, Company's operating fied sets were RS, 15.587 millon only and Re. 652.064 milion were disclosed as “workin progres. Moreover, a amount of Rs, 28.241 milion fongerm loan was secured ftom Fit Hajvery Modarba, In vow of the fat that he Company's operating xed assets (oer han work in progres), bomowing unde morababasppeas tobe a sispicious eringement a5 caret aee were paced a ees forthe long-term mob Ln. wove athe Snaealyear 1993 a long-emfoan see fom Faysl Al lif Bann as tied and on was swapped with bianng lan anounng Rs, 401.257 milion (USD 1520 ition) fro Chadron Joey Limited 8. Helles, Jersey Island, a company incomontet in Chtgel Ind, Foreign pvt loan se fom Chao Kersey Limited won sce titres ato 10% per nh eysble 10 fxs comnening fom Ose: ACCRA However, 36 pet fit splomenl eter of Bypotecktoh ded Janaary 30, 1995, payment schedule revealed five {ines ‘commencing fom 1985 and ending on 1998 \6 (2) The avllble financial record ofthe said compar revealed that oly Aividends of Rs. 1368 milion were declared! pid dividends during 9951989 Howeve, no evidence of Responat No 1 bolting sats faring this poriod fave boon reported. urhermore, nani statment ofthe ai company donot provide any specific iscosure that Respondent No. 1 was drawing any emluments! oer benefits ‘om he Compe. i (Alter, Respondat's No, 1 ise tothe pola fretioat of Paisan 1 specially ter 1985, ths company obtained substan lars (6) From the aforementioned tappems that Respondent No. 1 and his family members used this company a |: wealth, Moreover, jr shareholding was kept inthe names of ote fanly members of Respondent No. | to aveid any diet onnection Touning scheme to secu Muhammad Boks Textile Mis Limite The Company wos incorported I ‘on $Sep-1991 Annex R)- Aspe Hanna statements 0 2015, the company id oot commence operations of the business sine incorporation, Moreover, i | ns been observed tha the company submited he accounts for the years 1992 i 1 200) in your 2002, Respondent No, 1 slong with is len an wife held 22.30% shes from 1994 to 2015. The majory of shares were el in the i ame of Ms, Shani Athise (water of Respondent No. 1) holding 26% shes Invi shareholding ofthe Respondents ae lows (0) Respondent No: 6% fom 20 10 2015, (2) Respondent No.7 6 frm 19540 2015 | (©) Respondent No. 6% fom 199-96 an 1% Fou 1997 fo 2015, 4) Repent No.6 64 om 1998162015. “The Company has bes dormant sine incorporation as never v vntl nd has mie ei The fl po Coney ds ve yen wah neste Gc pte op esoMdabiva Paper Ms Limited. tHobiya Paper Mills Limited was incompoted on 29-an-1992 (Annex 5) (tailed analysis in Volumes). o ® ‘As 0n Octobe 31,1992 the comany’s fixed sets amounting to Rs 38708 milion and its Fng-erm secured loans were Rs, 184247 rillion, which coukt have bees possible by pledging any other aset ‘tat ha ot been dislose in the nani statements. Moreover, 1993 was considerably variant fina! yeu for the company as ding the same yea, the sid company had longterm secured eens of Rs 2357729 milion, shot tem finaoes of RS, 126619 milion snd fenemted Re, 126024 milion fom associated undertakings Furtiermore, the company secwed «Youn amouating to USD 10 nilion fom AbTowieck Company for Invesinent Funds, Bahmin ‘heough AL-Bania Islan Investment Bank Lahore on November 23, 192, tis prinent omtion ere hat the said eompany didnot reveal any lace on the legil proceedings of Queen's Bench, London wechy the Avetild apron wove tached the Finns one 2000, the Company disclosed hat laites (lating to AL-Towfbek Company for Investnens Funds Bahrain) were seed for USD 8 of financial statements fr the year ened 2000, ong 494.960 milion was disclose.oe o © © 8 ‘The stance of Respondent No. 1 and his family members while reponding t petitions CP 292016 & CP 30/2016 have been that (tars Prince Hamad Bin Js bin abor AL-Thanj sted Toa ofthe ssid company with AL-Towicek Company. This stance hs nt been subsanisted though any documentary evidence of treptction or seangement by the Respondent No. Land his fanily members 1s noted that share deposit money of Rs. 642 milion in 1998 was rece inthe acounts of the sid company. This is contry to adverse Sana postion ofthe ssid eommpany as at tha ine the id emnpany ha negative equity oF Rs. 772 million and operations ofthe ssi company hid already been shutdown. The sid company went to negative eqiy in 1994 and closed its operations in 2000 ceumulted loses were Rs. £7,810 million as of fone 3, 2005 Last ilablefnancil sttmeats were filed for the Finacial year 2005, The Company did not file is accounts forthe year 2006 and for ebsequent yeas. ‘the Respondent No, 1 and hit family members filed to substantiate hei tance through evidence that Qatar's Prince Hamad Bin asim. ‘in Faber ALT’ st lun of AL-Towféek Company agains the ssid company and twas disclosed in Noe 3 t Hansa staements for ‘th year 2000 that Jong tem loan was converted at Rs. 53.80 pee USD for USD 8,000.00 substitatel loan. The atl bility teenie was fe Rs, 494960 milion but nity oF Rs. 430 millon a he given USD conversion sate was reported oe sted From the aforementioned, it appears tat Respondent No, and is family members use hs wou 29 medion to evo fade a sccumuate wealth, Mowover, major surebolding was kept in the ames of oer family members of Respondest No, 1 0 avoid any let comnecton with the pi tind threonginetng Company (Privat) Mills Linited was icorpoted on 12-May- 1992 (ames D, (1) As yer the cet te copes of the annual retums provided by SCP, Respondent No, 1 long with is citren owned 22% shares from year 2000 t0 2009 and 33% fiom year 2010 10 2016 ‘Sharsholding pattor oft Respondent i follows (Respondent No. I: 11% bolng fom year 2010 il 2016, (©) Respondent No, 6 6% olding fom year 200 2016. (© Respondent No.7 12% holding fom your 200 il 2016, (2) From the analysis of avilable dita, the equity of the Company is ete by Rs AD niin in 1998 and in 2014 was negative Rs, 151 rilion. Additionally, shire deposit money of RS, 69 milion was otc inne 2014 accounts ofthe company. In 2014, related pat tiabilty o Rs 159 lion was payable by the sald ebmpany. 6) However, om the werd eopes provide by SECP fom the yer 199 997, th cai om ete pry companies and sponsors wer Re. 242 lian 1s ao sone that Be ot ‘ots in ese years was Ra. 112 millon and he company advances snout Rs 2€2 milion Ine yet 207, the Company hailey anion sn mere al Det ith no prise ep Toe) true ard vel no payee viet by hs compan)20 Similaiy negative Equity was repoted in the finacils of the ‘exmpany, hence, it eppeat tht Financial perirmance ofthe Company could not ont to the intese of weath of Respondent No. ating Pas ‘Brothrs Stes! Mls Limited, Brothers Ste] Mills Limited was incomporated ‘on 28-1983 (Amex U). The only Financial latements avaiable with UT wer 1985, 1986, 1987 and 1988, The company with a eumulative poston of pofvloss during this period had loses of Rs, 125 million Iefaa Found Private Limited was a major super of te Company. Brothers Stes Mills Limited had oustanding redeemsbl capital of Rs. 42.227 milion in 198, The Company proposed couvetible preference shares of Rs 11.797 tli, Redeemable Capital was tsved in the names; LCP Rs. 11032 rilioa, NIBP Rs. 6.154 milion, HBL Rs 6.154 milion, UBL Rs. 6.154 nilon, MCB Rs. 3.692 million, ABL Rs 2461 aillon and NIT Rs 6580 million, Fata, has bon ted tha sponsors foars amounting 1 RS. 11.290 milion (1985; Rs, 1.533 millon). It is noteworthy, that despite signfeant sales, Brothers Stee! Mills Limited resorded loses and did no ect dividends, The availble record reveled non-poyment of dividend by ‘his company doring the period of Respondent No.1 holding significant, sharsholdingtn 19 tence of Regn No.1 ws R274 ass el wath sere R546 million only. using 1991-92, tansctions worth milions of US doliars were routed through Benar’ accounts in the business of Shari family an amounts were ‘aves ino business at easily to increase the personal wel As these transactions were roued though Hanami accoun, bene, there was m0 foot in the Tax Returns, Dea statements of Benn acount lead sult ia Second Ler Report of IT From 1992 10 1993, his wealth gow Som Rs 8.33 milion to Rs 6.027 milion witout any éelared plausible source of income. Mores, neame decid by Respondent No, 1 in his tx rts was not commensurate with is and his fly profi ‘earls Growthin Ase of Respondent.2 Inthe sane yar (199293), Respondent No | dectared talasts worth RS (027 in his Reta of Weah Tax, wheres Wea Statement reed asscts woth Rs 5.328 mili His income dst at complement is acy to pay be tox on atts wort RS 68,427 milion while ketping in view Bis expenses a well, Reta of west tx and wealth iaeent fo en 99293 isat Arex V Since anessment year 1991, Respondent No. 1 was Hnking assets inthe umes of minors (Hassan Nas and Asma Nawas). Ducing esesment you 199091 the value of these assets was declared as Re SOROS which apprised to Rs 63.97 milion assesment year 19923 without any visible inflow. Retum of wealth ox fr assesment years 1980/1 al Annex W, era cof wealth x for assessmen: year 1992093 is at Amex V. 1 the year 1994-95, be pi Rs, 3.0 milion as wealth tx, however, visible income was Rs. 5000! According 4 the statement of personal expenses (aamesed with wlth statement) oven bis pesona’ fly expenses were tome by his sine inlaw, Ms, Sabiba Abbes. IT rtm and statement of person expenses for year 19985 is at Annex X. nthe yeas 199295, tot wealth mx payable was Rs. 4561802, whores ‘ota wealth tox pais per wealth tx retums forthe same period was RS. 2,352,682 A sum of Rs, 780,977 was elamed a refundable tax 2 feted in weath tox return of year 199-95, Thus, gap of Rs 2,208,820 in wealth {ax payable fs noted during the period, Wealth Tax Retwas for assesment ‘yest 199293 at Arex Vand Wealth Tax Returns frasessment years 1993 ~ D5 area Annex Y, “Aewcoracat Year [Payable Tax [Tax Pad] Refund aimed i929 16739 [0 0 Taam Tsim |e nos Taussos [eae [780OTFa ‘Aspe final dis of Itefag Sugar Mil Limite, Respondent No. | was ong 8,00 shares in the years 2003 and 2004 and 1000 shares rom 2008 - 2013, hmever, he did nt dvlre ownerhip of hese shares in his wealth stems for sid ox years, Wealth statement for years 200203, 2030, tex yeas 2008/09 2011/2012 and Form A/29 of Iefag Sugar Mills Lined forthe same years and Wealth statement for asessment years 2012/13 at Annes 2 In ysts 2004-05 o 2007-08, Respondent No. 1d not iis wea rtm, ‘Since yar 2008, weal started to pour inthe form of Reavy remitances rom ‘soir Nawaz nd HL Mas Establishment (KSA) Funds worth Rs 1.083 Bh woe rete into peonal account of Respondent No. 1. Thave are noma in these transactions which do not recone with the amounts lara nx rtuns Yer [Inflow iinow—‘Dilference” | Remarks @ank fovea, Statements). | Statements) oe.i0 [Tara [128917 [1319] Fron Hasan sailion | millon fii | Nawaz (KSA) iacaao Pas 556 rill anion | milion oii? pons [aRzaT fons Tea milion | milion | milion 2018 aia Vara reilion | milion mae jigs [i908 Pea] Wea rilion | milion milion | Estabishments norris panes pee — fae rill nition | milion BaIs6 | oats | 23eaI0 PAST riton | ulfion | milion Taio [TiaTasT —[sr93 nition — million | miton2% ‘As pee financial reonds of MBTML with SECP, Respondent No. 1 owned 467,950 shares in 2011 but were aa doctared in wealth sateen fo tx Yer 2011/12, Westh sateen for 2011/2 a Annex A and MBTME, Foon Ay 29 ae Armex BB Lom vorth Rs 110 milion wae taken from Ranwan Sugar Mills by Responeat No, | between 2001-03; ot of theft, Rs 50 million was pid ‘yy Ronan Sugar Mist» NAB on account of Respondent No, 1, These ‘abs of RSM were st inthe year 2011/12 witout any visible sourwe of income, Wealth statement of Respondent No.1 fr the yer 2011/12 a |Annok AA, scout statement of RSMIL and document of NAB is at Antex ce. In year 201213, property worth Rs 63.75 million in Change Gali was echusd by Respondent No. 1 t0 be i the ame of spouse in his wealth statement, however, se didnot reflect in wealh statements of Kalsoom ‘Naw fra yeas 2013/14 ~ 2015/16, Wealth statement of Respondent No, 1 forthe year 201213 is at Ansex Z, West statement of Kalsoom Nawaz and Respondent No.1 orth year 2013/M 2018/16 are at Annex DD. ‘As prtax etm of year 2012-13, Respondent No, 1 gave Rs 100 milion a8 Ahopntin to PML (N) on 30 Ape 2013. Reporting ofthis ety in Reta of Peon Asses (ROPA) in ECP neo tobe countershesked ‘By yar 2013/14, eses of Respondent No.1 grew 6.59 times ence compared ‘vith his assets of year 2008 (Rs 55 milion in year 2008 to Rs 399 milion in ‘year 201213), Majo sure of ncease was it amounts seat by Hussain & [ME Hil Metals Establishment from KSA fs 47.3 milion hi 2009-1. roth of Respondent No.1 moi won wa waAL wee mE ae etensesefwetattenen) ctintows!!7/2s Inge o it woth milion of apes observed fom Mr, Hussuin & ME to Respuadent No, 1 aed Maryam Nawaz and Respondent No, 1 0 Hassan ‘Nowaz Itt an sbnorml pation of exchanging gis 8 why a company would it sot heavy amounts to individ, idence or profitability of IME. wax rot fried; hence source of income of Husain could nat be asprin, Heavy afte inthe form of cash ries eyebrows ikelyalempt of money laundering nl of gis thelr stsbson/wtliztion iat Annex E. 4. Canetusion. The fats provided by Shari family show that Respondent No, 1, twtensily fas conn his sole to tat of sn equity Roce only inthe fmily owned Iusoeses, who does ot bald any forma psi oole in runing the busineses and is wot iter om ny Hoan, Apparel the objective of such tance is to dstane binsel fom = Foxmal roe in rnin ofthe businesses jn strictest elton and fel venue. However, on the cater and it is ao evideot hat hei exjying pocunary benefits, ter than dividends fom these businesses in the shape of unexpained inflows ia his personal bank accounts, on futly regular basis, fiom the business profits of his son and businesses ran by hits purportedly gifts 4. The evidenoe collected evens hat he, in fact, was the Chairman of the Bosrd, zawing salmy from Capital FZE; a company owned by his son Respondent No, 8, is at ‘atiace withthe sane tken inthe CMAs Sed, by Regpondents No.1 6,7 and 8. This act ‘vas nt cose in ny latory retursdecaations before the authorities in Pakistan; be it te Income Tax ears othe Filings before he Election Commision of akin. 5. Respondent No, [in his tox returns ied before the authors for he year 2013, ‘aimed to have made a donation of Re, 100 milion to Muslin League (N) an conceaing the fact that he esi back Rs 4S milion from the sme party scout, before the close of the relevent Fine year nd sous to mis-deokation of wealth 16. The above fits depict that Respondent No. was enjoying monetary benefits fom ‘ne fly busiest, ther shat dividends im bis declared oepacty of equity holder Moreover, he was msntining. a stve operational ik with is family owned businesses, contrary to his publ bei position that be snot actively involved in the ai sv is devoting hist life to hi ceupation a8 politi. y cee 7. As per clans of Mian Nawaz Sharif his business empire! assets i bse oi inherit money fro his father who omnedillins of Rupees inthe 0s, The fiancia2% snatysisof Mian Mutanmad Sharif doesnot substan his clam. An exorbitant hike in Inldup of his assess observed daring his Fst tenure of pms, however, inflows mentioned in his tax returns i aot commensurate with his growth wich leads the resumption tht this empze was not hesed on legal monetary soues. An atomly of opoing Benoni accounts inthe names of Qui family, Saeed Ahmed ete, and source of inflow in these scout was not lied by the Respondents, These Bena recounts were ‘sc as collateral for testo of loans and also for moving funds broad to build Sharif faily's assets in Paki a well sn UK. 4. From the secox made available on Respondent No, 1 0 the JT, i 8 observed that Respondent No. I hed minor diet sharcholdng in closely held family comparies. These companies were not poitbering However, these companies were continuously revolving funds amongst thonseives, sarcholderd diectos! sponsors and ofiore compan Moreover, it ean be sen fom the avlalercord tat Respondent No.1 kept shares inthe ane of his wit, son and daughters who were not sna independent a that ime; & move to delink hi from the closely held fily businesses yt he bad conto over the bases de to his song poiticland fy iauene, Another nortan actor noted bre isthat despite the adverse Finacial postion of al closl held fanly businesses, Respondent [No.1 hd phenomenal growth in accumulation of went by his dest family end ther shareholder ofthe company, which were also his fay members 9. A deste arlysis of avilable Snancal details of Shatiffaily’s eompanis with ‘SEC and thee tax! well returns reflect serious dichotomies in desaring thee assets (is! on declarations of ss), Respondent No.1 blasts and declared them on he mans of hice, howevey, there ws no plausible source of income with Respondent No, Lo his ction 10. As per Lahoe High Cout case no W.P 3114 HPML vs NAB, Mian Nawaz Shit psi 10 million NAB as seterent in HIPML case, Anyi of account details of SM voted tht the company oid Re SO ilion to NAB as payment on beh of Mian Nawaz ‘Shifts arto il 110 milion, This use of RSML finds sin wolaton of eompany ew ax is peso libliies were paid through he funds of RSML. 11. Another hike is sen in asets after Shor fuiy’s polit rejuvenation moos, Funds were shied fom tr UK/ UAB ene fo Pakistan inh form of gis nse of. on nut fins wr tse inte sc of Rein No.1 in,n te form of gis from Hussain Nawaz and Hil Metals Esubishment accounts, king advantage ofthe tx exemption on foreign remitaneey ifs, Massive sets were uit while showing the costo il being ised on gi, Moreover, the Respondents ave led to ‘atta thirsouces of income behing hese git abroad if compared with he secoust kel oftheir compass ebro it is observed tha thee companies were i lose under ‘inbles ad were nt ins position to peer ny dividend 12. Having gone through financial duis of his companies’ bank accounts and is ection in FBR recon it rime facieesabishes hat Respondent No is in possession ofASSETS BEYOND KNOWN SOURCES OF INCOME oO fonds (WAND ZA) PSP, oes oe auch ae camcanien CL oR woe28 Spe Annex -A| emanee meme ox | , Borers B re rote aninateenteet ee ecacateenmmieaaasen. ee ae ‘atid Cheque Book Form % TM | Cheqye Socntmes win enn i32 HER eed . ‘sop went COMA =LABEITR | su vir pc ato oe ney pes Wa i reso wt in aches th i he SONY Were inmate | Tat wpa om | nine eter cca nn ~ 4 sa erat or enn rn Sea gectanm ome a mann nese a tran menos ee me nan tna mona cs on ink we ae of et ‘Sat eg on ean se st tnecneogs wn weg a mt ant mut 80 Sea OS | Te, eg yen brates hos i OE ae ee = JT 2 ec rh wi asi, TO ge. ca ee vt ts Sed a z s 2 g 4 < i 3 : satire cane giant sig gna | ‘enum wee etalon tanec | verano a int oo a ad rs Se Set ROOST Sees Sc aie \ 43 {enituanamn. Ashe GARE pee } i lotenoityaesti Percomna pn zt wy ne fatten on CET A i farewe eaneeom, it | — joe| Agcount Opening Form me 19u74.agel -PKR34 a ead a aR ag Bante rosient Ore [rx Cluso Clase pen eeu ane nae rir On een oeymamnaneed Co, Cay eon a Efceartnie tne : Beers octane [Clr spn ot ene Crewnranre LETT LL 1 ener aint 2 a0. Divrencanes Clow cotine wk Pat Phe Trecetep t ‘Auto Dobit Ses aims anne EER a Poe dt ovo orton eye at et “Fesertns CCELEEEEEEL &Ye, ceeree tt —— rs eee aero deste eo Sai titra Goo) ear Cif Coron swssrsine aecsion cave] tenon tnt isi CEEOL ELC ooo Tce PECEEEM eo gece or es semtosreks epmacotr! i TEE} Dee antemnantnt FEE ro Censor vec Dhaene Loney (Cece ooo Coo, rey ee TT-LLEL ee lorie Clatctnto i otters) Coie Clow: Clon samen CELL LLL unmet ———— Ye fh eeareceren “ Tutaece ers aie ont smi “ered ‘uivet Ts Crete errr CCL : a a Clef Dleasm-stam Ditan-ttom Tlospm-osom Casper rm tity oir on EET oF coe Emcee Chrent We Does ie1 Qin Tena sect et ee]? “Rem eid Account fn fee Fs tsin ses senor etn PoECeee eee pion zor ‘Siena pei roel Or sh AF yer ch ac pt enbor 218 Rain ba beta ‘simie] - -eavaechon Pe pacar sence c lpmeer “oat mcteaton © co oh Aes are j A | 120499 Cw cee coor fol 2AfAR 2A FAROE Reese R000 ESE rnay ooo Oooo oooagyl durptarnegalac eensoarasaal §S eect peed by he Hak haundt, te Bank sale rte eae: no “AGE ftene Prote wien eve eocuat ang be relat Pt att lo ste yonsganat conpensalon ta Manapes Fro Shae oon Ps eer daca te anager ra Sar (9 Prot noun The Feraroa Mara Fo) omc ai eno enc lt Mecbon Paid eon © “tl aneoee Pett hare andthe Pot Walitsnes epato to cach Cala sal Oe Toe ate sae conmanoamant of ry Prof Aaeton Pefod. The ose sd ye te a chr ao Whos sop we Clery wo alte Fa a gh ty benny eo oe anes Une Sp Banks weiste So i Be Gmmalhty eer node, weber ose ee ret Sewanee bo Oak vag pretes. cre an th eda Fund aig «Prof Aan Pati alts ban a nr on te a ae riod a cra ae Mra Aas a {estes ew ye te Came ah ha Bark pete aceénce wi Se eaby tn cusanar end e Sok he Mose ses nie ve th osc aun ik Aoslon Pes, bo Ganka ot Yo eld toe “pd enone scp ul remo is on wn te Acc) deni eo Fe fet ena sc hl wa tn ae cad foggy a i ely far caer nts to tre of wir 2 fie aa be sto pnPtr oss son oes th i 0 Ce eee tap omen na ert tre eran) a SE, ite ora of fnde xa othe Ants deco ca et pt ot nc rere, ean ae, newt, Ce ey ed ce lhe Solar egies cl Oo eon reste ro teria of wnce ts gel a ale gre th pave nt oe te agg tm puro mt oe rest Se aandanorg se Hak atbe estos. custoverundtnds et be seat of accourn epet ol he Account) Te cater scr gta orm uch ean spo by SBP, Chas ty <1 lt ots a ine oy SOP. The conta of DP AE fr ne, fe oe ane en at aap ot cons Fy alle ee ios mwning oe Gk wn 4 days om cai of Sap tne Bank nis ft content al mtr sng ou cant, Baa hr nent te on ana of yon) 1 sceag lu, yor baserseors=s, Ouaot wt soe ng mot wheie ach Acc) ee fo ne ia a aan by eso of epoca eens ‘eae orton Socom arr wna fe ant bars nota fa al om | Ian a ater seh at te Bank eal led "dope ced sme wcels htt he evs of dey af Cures, ee anes wt be ran ae ace of trae ar pra. ca of death fa Ha ad ser acpi mae aes x operation of Accs) NG anol ot soar suzston ce, it ot Sin oprtng ri ie open, 0 Os invelpect of Aen) epoed tm arta ns, Oak alte 1 9 2 net of Accurate se saul openiog er, werpcr of we Iga etn fo eo aio occ ie Dank rele wile sere Sar zen piste gars) 2 nte 1 he an fom sepia ‘net “yp Lancroseres ths deel anor al ole Cums esmnt) roseyer mene Tre ek Gen tte any anor aftmy Doxa) witn Rnd ot ded a am one ean och ae, coeds 8 nae one mmer ovens hs Dank oe at evasion of any tesa open re tet cy rested fixe yatta, on act of AP a ee acne Castanos nly annie caryeg a yr eect sd Se Or ure. 1 eeount wil conser dorm thar as baba octamer easton eae atone yon Aceves acsunt willbe conscered dom™at Hf here 2 a an int aceout or peo of at wo Yes sain of te Demant account custome sal prove a writen rogues fo remava: fate wie tgs my Ce mr) eran ravingroxm Account Incas te eecount cman inoparaie HT onent poco he ead acount ba conser x inclined recs whe. agi Sotenis roi aden 1 onset etn fo he tame ad cod Fhe che Bank aprerng be scons we Fas aces save eto Gara HON Ee OO tr tom's pot all ar undated ond revocaly aged foi: ty ya on ey to se ma eons gaa i aru ct cote Me seed Saar an isa) tod (220FU mi oaaensn eg epg my EO ese at my eqs a stb cola y mse mh chy an anne rope, hls Hut nancy cred by et ttre oxecing te ub la Ch Eek and Suse VISA DMR Ca) wt Io A et it ot bl spore roy wautrz$ uss oF INP do awit ts caro a wl be cotati as anlene inte Santa at es lun by Sandan Cte Sx Pato Lit Hom tne Bh sq VGA Osi Card must tbe tans over any ntl (london cha so cre cen ase nna onaz te magne mi eos and Sanaa Docc Svar Aco are ated on aml Soa Smo oa ts Sash pnts cua urea Aas A # isa tera any share te Nut ‘Museu tat Sand Chad Oak Pak) Eaves Bart le to wars ana cdr beat poe mec ay fa fn hs a by cs Sct Craven Ganka pagar Pol ass fe Ue caveoure more These ay eas Sa a reas at ao oy Payoh zur 8 VISA Dab Ca Sra rere a a a Sead suns wo mate den On mopening Fam. peer sys to art ou Ploy Banking serees? GZ Yoo CO) No a fp atv b eed spar he pretsling Sahoo Care out mt ie ry cnr tary prin me, 3 tn) he od| | pecans] Bama ea | Muuarsara nwa cere pe cet at aaa cme Dw Be eR or aeseeaa ol ~ DREAMPACK | | | Bundled Financial Solutionst46 Standard chartered47 & Standard Chartered~ 48 Standard Charteredv ‘A. ACCOUNT DETAILS exAfwritins So a ay Ecce i CT sera + i a ie nee es, cee xy : oe Bank a oa: ied Ban ope ae {GARDENCTOMECLAHORE = - sob eet \ ‘il een —— a pa ACCOUNT OPENING FORM «31d 2 (eortndbicuat/Sole Proprietor) = Cnnispey Se aT rn wad nis Ce OTHER INSTRUCTIONS a nn Fron fet i " CehitctreeriocNengas ee ae pasa — Ee [eno] RB rae a! evra ce SES ne) ie cia «ian c. RERNOWLERGEHENT y ae pc ot ping Fay aed olen tka sa ay i ht a nb ri red "ead Ga a hy ea Snipa ao ann lent odo a hala sacs oda pet at it ea li iciasia iinspate ae aaa oo “het! SSPECIVEN SIGNATURE CARD! et auosesias ane Ha {it mm 5ISTOMER PROFILE -... jalg/Sole Proprictor/Partnors)(einstein nate, a eosin ake / apa Spear.Nivea Shai -beating CHIC: #°35201-5369836-9, Milly Ltd Kindy pe his peésenal iret sec anion Ta, Lbs $4600, Patan Sse eatrepo oq. eta rata i eu o Snes an ete aiden isu ina of vinaoover ato eld eos cstfegenan 2b a bo pat xo eve oa eng wit ros) > eignatare plcable for Aezous. lHose: las, nur. owe i 29.25 bon” oy te el camping Trt ub WO nn Hew mie6 a | sae iva ear . | inte 5 AN'SIAGENT’S DETAILS Veet yo jinor/Blind Customer). (swale ‘ow cm] “NEXT OF KIN Zit F) Yeas Est Jl D. DECLARATION tiie) ies Rafe = hy thy RoneeF 87 }Bank ie ‘I ie ee eS _ GusTouen DUE DILIGENCE (eDDy |OW YOUR CUSTOMER (KYC) FORM zi a a om Cape gaara OyFor nk i baccnre, IAG BRusmiste ne Geen Tas fe an) LAME ni St coe “el couc uciumggirrin Hewnmad Aun ate ne alate tan am ge? 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OO he ame es of ey i ae ean agama aces me a(en Etre we, ‘en tag ‘tnt non ina weal | mnie ‘endintee eso, | iors ook : GRRL fone Tea eave I "Tas ree rao SED oF = aSasaMENT, u ‘acne es feNSW YOUR CUSTOMER (YC) FORM rman Sa Te josie PG OUT = Rio re icmscominmt Houma Naw BARIE. iL eOUNTPE A ceamtieced CY bimini) CN Sepeetieed] limoneiceeat [} _ chit i SANTO ‘it a ee nem Ya Mt “cay EY ited Feets T Ba seagumotarae) C-_eantet (Cher 6 oteal at. ao, ‘iat “pan ‘That fy yaaa veo Taimeomeoena ee eD - 4 &81... a ca sca ae) mp. RE SAG ts Block, Garon tree ‘Ennai: ssigousnignorinl co Trcnop sions Fox +8269 SARE“Vosiggaisosin sash] 10.10.10, Liverisys/verisvs jsp taion3520153698367-> Lin Age © openingey Sandan Yo, Chartered as fo pocaremrine hares72 Annex -BAnnex -Cern. net Act fairs | faproroiatns nee ug ke “TAREE R REGISTRATION CERTIFICATE ontattaL, erro resouir soi S007 ityelad ssa 0 cunt oun tl st-seiiv onc mciaccanagy Tom * Goons on nO auurterineorsvaNn “ ciuweuee syiind ‘Honea omabea WEALTH STATEMENT UNDER SECTION 116 OF ‘THE INCOME TAX ORDINANCE, 2001 Feri aOR pa PaolrDaeion of ants a Tabnoe trl Property Gidea ovtlon Sava aeitin) STEERED ik at carat [teitenn-e inn er (ata your ci ot testi tilt dich apse a PGR ana ent ou ae 7] Pains |CGRE roaoe tard a Mau [adem ir lesa ana tae ita on PNAC otc tame utara es om Ate ral towel rope ROTM oSentr OT. RETEST ager h b oes tEnSa i My18 pai ; a2) eam Spay ot suns nen anos orc Sete and tne one Savi Safarsernotapon Tans eancay oe) jaa ee RTA 726i fasion Figg See alin Eo COUT Tia fae 5 Sars aa Papi HrinTT 4 FED Shas Mara Ba Tena Ma | TEESTOT ‘noted on Fae ‘fioyeatand - Jroause | rat steer 1 (tse Ges "a= soar las Biases 1D cose 5 Ta esr ar | ae vata Ta [sete 70 IlESTE ferent, [ies _ ER! stat — warren TT Freon as ere se | FRO] (oe nem (ae ac a as TT Roe TT FT| — AT pate [enn sae "eof (mf et ec in ra (rampant me etc crn a eT ai a ed : SE a Gree teen ree ee ae roach a rT] eo 1 ante no mgs mnt Sra, t a ee a a ql 1a Fo bis 47. Net Wea of th cunt yar [minus 1), “1, Aru peo ponane (Tob Racocld wsAnnex NT - 18. amber {tay mambo and copendnts 20, wns ay anata ny preon ‘oem DB EDs ee ererett f acoA x