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Petitioner: IQBAL AHMED TURABI and 2 others VS Respondent: THE STATE and others
Court Name: Sindh High Court Judge(s): Anwar Zaheer Jamali, Muhammad Mujeebullah Siddiqui Title: IQBAL AHMED TURABI and 2 others vs THE STATE and others Case No.: Criminal Accountability Appeals Nos.46 and 48 of 2002 Date of Judgment:2003-08-29 Reported As: 2004 MLD 77 Result: Fine reduced
JUDGMENT
JUDGMENT ' MUHAMMAD MUJEEBULLAH SIDDIQUI, J.---The aboveappeals are directed against the judgment dated 31-5-2002 passed by the learned Administrative Judge Accountability Courts, Sindh Karachi, in Reference No.39 of 2001, filed by the Chairman National Accountability Bureau. ' The appellants have been convicted and sentenced as follows:-- 1. Appellant Iqbal Ahmed Turabi has been convicted under section 10 of the NAB Ordinance read with serial No.2 of the schedule of offences appended with the NAB Ordinance, 1999. He has been sentenced to suffer R.I. For (Ten) years and to pay fine of Rs.95 Millions. In default of ,the payment of fine he has to undergo further R.I. For (Three) years. It has been further directed that he shall forthwith cease to hold public office held by him. He stands disqualified for a period of 10 years, to be reckoned from the date he is released after serving the sentence for seeking or from being elected, thosen, appointed or nominated as a member or representative of any public body or any statutory or local authority or in service of Pakistan or of any Province. The benefit of section 382-B, Cr.P.C. Has been extended to him. 2. Appellant Mrs. Najma Iqbal, wife of appellant No.1, has been convicted under section 10 of the NAB Ordinance read with serial No.2 of schedule of offences appended with the NAB Ordinance, 1999. She has been sentenced to suffer R.I. For (Five) years and to pay fine of Rs.95 millions. In default of payment of fine she has been further sentenced to suffer R.I. For (Three) years. She stands disqualified for a. Period of 10 years, to be reckoned from the date she is released after serving the sentence for seeking or from being elected, chosen, appointed or nominated as a member or representative of any public body or any statutory or local authority or in service of Pakistan or of any Province.
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3. Appellant Hassan Raza has been convicted under section 10 read with serial No.2 of the schedule of offences appended with the NAB Ordinance and has been sentenced to suffer R.I. For 5 years and to pay fine of Rs.3 millions. In case of default, he has been further sentenced to undergo R.I. For 2 and half years. He has been further convicted for the offence punishable under section 31-A of the NAB Ordinance, 1999 and has been sentenced to suffer R.I. For three months. 4. Appellant, Asif Hussain has been convicted for the offence punishable under section 31-A of the NAB Ordinance, 1999 and has been sentenced to suffer R.I. For three months. ' The immovable properties bearing Flat No.M-4 Chapel Resort, Shop No.10 Chapel Resort. House No.34/II Phase-IV DHA, Offices Nos.2 and 3 on Plot No.10-C Commercial Lane Zamzama DHA, and Office No.M-4 Falaknaz Center, Karachi have been confiscated to the Government of Pakistan. ' All the movable properties details whereof are given at page 31 of the impugned judgment have also been confiscated to the Government of Pakistan. Briefly stated the relevant facts are that the Chairman NAB submitted a reference before the National Accountability Court (hereinafter referred to as the trial Court) stating therein that appellant No.1, Iqbal Ahmed Turabi, an employee of Pakistan State Oil adopted a lavish style of life and owned/possessed/held assets, right, title and interest in the movable and immovable properties in his own name as well as in the name of his wife appellant Mrs. Najma Iqbal, appellant Asif Hussain, Appellant Hassan Raza and accused Ziauddin Jaimuri. Thus, appellant/accused Iqbal Ahmed Turabi acquired/amassed illegal wealth disproportionate to his known sources of income and the other accused persons facilitated/abetted the appellant Iqbal Ahmed Turabi in acquiring such assets and holding the same. According to prosecution the accused persons were not able to justify the acquiring/holding/possessing of the assets. The appellant Iqbal Ahmed Turabi has not shown any other source of income except salary income derived as an employee of the Pakistan State Oil. It was further alleged by the prosecution that appellant No. 1. Iqbal Ahmed Turabi, opened several bank accounts in foreign currency and Pakistan currency and was engaged in Stock Exchange Business, making huge investment in purchase and sale of shares running into millions and all these transactions were not disclosed in the annual declaration of assets with PSO or before the taxation authorities. He purchased bonds and securities as well with huge investments and the said transactions were not declared with PSO or any taxation authority. The entire amount paid by the PSO to Iqbal Ahmed Turabi, towards his salary, allowance, bonuses, benefits and perquisites from Mach, 1987 to June, 1998 comes to Rs.19,64,464 and his monthly household expenses ranged between Rs.25,000 to 30,000. Thus, the assets acquired by appellant Iqbal Ahmed Turabi, in collaboration and complicity of other accused persons was disproportionate to his/their known sources of income which amounts to offence under section 9 of the NAB Ordinance, 1999 punishable under section 10 of the said Ordinance. ' At the time of submission of reference before the trial Court, appellant/accused Iqbal Ahmed Turabi was in custody while remaining accused persons were not available. Subsequently accused ZiauddinTaimuri was arrested and appellant/accused Mrs. Najma Iqbal was granted bail by the High Court. Appellant/accused Asif Hussain and Hassan .Raza could not be arrested and remained fugitive at law. They were declared absconders and proclamations were issued against them under sections 87 and 88, Cr.P.C. The proceedings were held against them under section 512, Cr.P.C. Learned advocate for the accused Iqbal Ahmed Turabi and Mrs. Najma Iqbal Turabi, sought adjournments stating that they have approached the NAB Authorities for plea bargain. However, on 12-12-2001, the learned trial Court framed the charge against accused Iqbal Ahmed Turabi. Mrs. Najma Iqbal and Ziauddin Taimuri. All the three accused persons pleaded not guilty to the charge. The necessary particulars' and details of the assets held by the accused and summary of the prosecution case are contained in the charge framed by the trial Court, therefore, the charge
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framed against accused Iqbal Ahmed Turabi. Mrs. Najma Iqbal Turabi and Ziauddin Taimuri, is reproduced below for the sake of convenience:-- CHARGE ' I, Rahmat Hussain Jafferi, Administrative Judge. Accountability Courts, Sindh, Karachi, do hereby charge you: 1. Iqbal Ahmed Turabi son of Ali Kousar. 2. Mrs. Najma lqbal wife of Iqbal Ahmed Turabi. 3. Ziauddin Taimuri son of Moinuddin. As under:-- ' That you accused Iqbal Ahmed Turabi being a holder of public office and employed as Accounts Officer and promoted in Group-III, in Pakistan State Oil frOm 18-4-1998 to this date and in furtherance of common intention, criminal conspiracy and abetment of co-accused Mrs. Najma, Ziauddin and absconding accused Asif Hussain and Hassan Raza, acquired immovable/movable properties and pecuniary resources in your name and in the names of above named co-accused and absconding accused as per details given in schedule, A, B & C, which are disproportionate to your known source of income for which you could not reasonably account and thereby committed an offence of corruption and corrupt practices as defined under section 9(a)(iv)(v) of the NAB Ordinance, 1999, and punishable under section 10 of the NAB Ordinance read with Serial No.2 of the Schedule appended with the said Ordinance and within the cognizance of this Court. ' And I hereby direct that you be tried by me on the abovesaid charge. ' Administrative Judge ' Accountability Courts. Sindh, Karachi ' In support of above charge the prosecution examined 31 prosecution witnesses: After examination of 29 prosecution witnesses accused Ziauddin Taimuri submitted an application under section 25 of the NAB Ordinance, for plea bargain on 27-12-2001. On 31-12-2001 le'arned counsel for accused Ziauddin Taimuri informed that plea bargain of accused Ziauddin Taimuri has been accepted and the proceedings were at the final stage. On 8-1-2002 an application was filed under section 25 of the NAB Ordinance, on behalf of accused Iqbal Ahmed Turabi and Mrs. Najma Turabi for plea bargain. ' Accused Ziauddin Taimuri, stated in his application that initially he was made a mashir in the case, and he has stated that Shop bearing No.25 Plot No.20 sub-plot N.L. Block-B, Survey Sheet No.FT-II, Prince Complex, Frere Town, Karachi was purchased by accused Iqbal Ahmed Turabi in his name and the shop was rented out by accused Iqbal Ahmed Turabi to Habib Bank A.G. Zurich and had received Rs.4,44,000 as rent. He submitted in the application that he was made accused without any justifiction. He asserted than he has nothing to do with the said shop and that he surrenders all necessary documents pertaining to the said shop and voluntarily returns the said shop to Government of Pakistan/NAB Authorities as envisaged under section 25 of the NAB Ordinance. He undertook not to claim the said shop in any manner and prayed for acceptance of plea bargain. ' Accused Nos.1 and 2 in their application under section 25 of the NAB Ordinance for plea bargain took plea that accused No. 1 . Had various sources available to acquire the properties owned by him. Some of the properties alleged to have been acquired in the name of other accused persons were disowned. It was further stated that accused No. 1. Could not afford to bring a had name to his entire family and therefore, he has resorted to plea bargain. He offered a cash settlement of Rs.15 millions as plea bargain. He appended various charts with the applicationof plea bargain containing the list of assets attached to the application under section 25 of the NAB Ordinance. The accused admitted to have acquired Flat No.B/8 lInd Floor Super Palace Plot. No.8, Civil Lines Quarters, Karachi in the year 1991 and stated that it was sold in the year 1995. Acquiring of Shop No.25 Prince Complex Frere Town, Karachi was totally denied.
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The following properties with their acquisition price were admitted to be owned by accused Nos.1 and 2:-- SCHEDULE ---A--- IMMOVABLE PROPERTIES S. No.Name of Person in whose name property acquiredDescription of Property AcquiredValue Years of AcquisitionRemarks 1. Mrs. Najma wife of accused Iqbal Ahmed TurabiShop No.10, measuring 325 Sq.Ft Chapel Resort , Block-1, Clifton, Karachi7,15,000 27-6-1996 2. Iqbal Ahmed TurabiFlat No.M-04, measuring 1920 Sq.Ft. Mezzanine Floor, Chapel Resort, Block-1 Clifton, Karachi10,46,000 4-10-1995 3. Mrs. Najma, wife of accused Iqbal Ahmed TurabiFlat No.206, Plot No.12, Sheet No.FT-1, Mehmoodabad House, Frere Town, Karachi25,00,000 27-6-1996 4. ------do------ Plot No.126/II, measuring 1000 Sq. Yards. 15th Street, Phase VI, DHA Karachi45,00,000 24-10- 19947- 5. ------do------ House No.34/II, measuring 492 Sq.Yds, N. Street, Phase- V, DH A Karachi59,27,000 3-9-1996 6. ------do------ Flat No. B-8, measuring 1610 Sq.Ft, 2nd floor, Super Palace Plot No.8, Sheet No.CL-9, Civil Line Quarters. Karachi12,00,000 7-7-1991 7. Ziauddin Taimuri son of MoinuddinShop No.S-25. measuring 31235,00,000 27-6-1996
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S. No.Name of Person in whose name property acquiredDescription of Property AcquiredValue Years of AcquisitionRemarks 1. Mrs. Najma wife of accused Iqbal Ahmed TurabiPurchase Bills2,14,04,243/50 Conducted business with M/s Kousar Abbas Bhayani from March 2. ------do------ Purchase Bills2323.150 Conducted business with M/s Ali Hussain Rajah Ali Ltd. from April 3. Iqbal Ahmed TurabiShares lying with MCB Broad Branch9,20,948/75 Sq.Ft Ground Floor, Prince Complex, Frere Town, Karachi 8. Hassan Raza son of M. Musharraf HussainFlat/Office No. M-4, measuring 279.68 Sq.Yds. Mezzanine Floor, Falaknaz Center, Shahrah-e--- Faisal Karachi20,00,000 August, 1997 9. Asif Hussain son of Taseer HussainOffices Nos.2 and 3 alongwith the roof top on Plot No.10-C, 8th Commercial Lane, Zamzama DHA. Karachi25,00,000 30-4-1997 SCHEDULE 'B' IMMOVABLE PROPERTIES
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4. ------do------ Defense Saving Certificates lying with MCB12,56,000 5. ------do------ Nissan Sunny Car2,40,000 6. ------do------ Jewellry 4,50,000 7. ------do------ 11th ICP Mutual Funds holding 25,000 at the rate of Rs.102,50,000 8. ------do------ Value of shares, which were sold by the accused during the period after the out cut date27,26,188/24
SCHEDULE 'C' PECUNIARY ASSETS U.S. DOLLARS S. No.Name of account HolderName of BankAccount No.Account Opened onAccount closed onAmount Deposited 1. Mrs. Najma W/O Iqbal Ahmed TurabiDeutsche Bank, I. I. Chundrigar Road, Karachi052233-30- 522-12- 19943-5- 199923,378 US Dollars 2. Mrs. Najma and Iqbal Ahmed TurabiHabib Bank AG ZurichTime Deposit02-01- 199512-9- 1998722,621.80US Dollars 3. Iqbal Ahmed TurabiAmerican Express Bank Shaheen Complex Karachi111062020 16-4- 199630-9- 1999379.00 US Dollars from 26- 4-1999 to 30-9- 1999
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Total 992,750.55 Profit 4,384.14 Net Amount988,366.414.Mrs. Najma Iqbal and Iqbal Ahmed TurabiHabib Bank AG ZurichSaving A/C No.174242- 116-019-4- 19967/8-6- 200165,754.55US Dollars 5.Mrs. Najma W/o Iqbal Ahmed TurabiABN Amro Bank, Avari Towers KarachiSaving A/C No.2102800115-12- 199710-7- 199925,185.74 US Dollar from 15- 12-1997 to 10-7-1998 6.Mrs. Najma W/o Iqbai Ahmed TurabiABN Amro Bank Avari Towers KarachiSaving A/C No.2102804418-12- 19971-10- 19999,970.96 US Dollar from 18- 12-1998 to 1-10-1999 7. Ali HassanMashreq Bank, PSC, Bahria Complex KarachiNo.02- 280007-6 (Term Deposit)23-4- 199718-7- 199855,100,00 (+) Profit 4384. 14 US$
SCHEDULE 'C' PECUNIARY ASSETS PAK RUPEES S. No.Name of account HolderName of BankAccount No.Account Opened onAccount closed onAmount depositedDeposited 8.Mrs. Najma W/o Iqbal Ahmed TurabiABL, PIDC House Branch KarachiPLS, A/C No. 01-100- 1932-28-6- 1986 4,821,757.56 Rupees. 9.Mrs. Najma & IqbalHabib Bank AG Zurich, I.I. Chundriear6-1-1-20311- 714-- -1742429-4- 19968-6- 200032,933,055.94Rupees
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S. No Description of PropertiesAcquisition price 1. Shop No. 10 Chapel Resort, Block-1; Clifton Karachi.210,000.00 2. Flat No. M-4 Mezzanine Floor, Chapel Resort,670,000.00Ahmed TurabiRoad Karachi 10.Iqbal Ahmed TurabiMCB, Premier Branch Shaheen Complex KarachiCurrent A/C No.01158-320-10- 1996199 101,000.00 Since 4- 12-1996 11.Mrs. Najma Iqbal and Iqbal Ahmed TurabiMCB Clifton Broadway Branch KarachiCurrent A/C No.4-54-6- 19979-6- 20009,023,590.00 Rupees 12.Iqbal Ahmed TurabiABL, PIDC, House Branch Karachi2521-8 17-12- 1997 1,931,141.00 From 17- 12-1997 to 31-12- 1998 13.Mrs. Najma W/o Iqbal Ahmed TurabiMetropolitan Bank Paper Market Branch Karachi6-1-13- 20610-714--15-2- 200014-6- 20002,639.533.14 Rupees 14.Mrs. Najma Iqbal & lqbai Ahmed TurabiMetropolitan Bank Paper Market Branch Karachi115914 (Deposit Book)8-7- 2001 1,77,430.22 From 8- 7-20011 to 21-7-2001 15.Mrs. Najma IqbalABN Amro Bank Avari Towers Karachi6-1-13- 20610-714-- -118618 13-6- 200080,94,035.39 16.Mrs. Najma IqbalABN Amro Bank Avari Towers KarachiSavingA/C No.21028052 13-6- 20001,08,69,161.80
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Block-I, Clifton Karachi 3. House No.34/II, Phase- IV, D.H.A. Karachi.3,100,000.00
' Plot No.126/2.15th Street Phase 3 DHA, Karachi, was admitted to have been purchased in the year 1994 and was sold in the year 1999 for Rs.1,850,000. Plot No.R-58, K.A.E.C.H.S. Karachi was alleged to have been acquired in the year 1974 for Rs.600 and sold in the year 1991 for Rs.650,000.00. Plot No.1-18, Sector 5-C/2., North Karachi, was allegedly purchased for Rs.30,000.00 and sold for Rs.170,000.00. Apartment No.206, 2nd Floor, Mehmoodabad was allegedly purchased for Rs.835,000.00 and sold for Rs.2,625,000.00. ' In the schedule under the heading "Additional Sources of Income" and amount of Rs.1,000,000.00 was alleged to have been saved while working in Dubai from 1982 to 1986. Defence Saving Certificates worth Rs.1,350,700.00 were shown available but the source was not explained. An amount of Rs.3,55,000.00 was shown to have been acquired from Prize Bonds winnings. Salary of Rs.1,900,000.00 was alleged to have been received from P.S.O. ' The above applications remained pending. The remaining prosecution witnesses were examined. After examination of 31 witnesses prosecution closed its side and the statements of accused lqbal Ahmed Turabi. Mrs. Najma Iqbal Turabi and Ziauddin Taimuri were recorded under section 342, Cr.P.C. None of them was examined on oath in defence under section 340(2),Cr.P.C. Thereafter, accused persons examined 11 defence witnesses. The case was posted for final arguments on 14-2- 2002 when absconding accused Asif Hussain appeared before the trial Court. He was granted bail by the High Court on 13-2-2002. The Special Public Prosecuter submitted an application for separate trial of accused Asif Hussain. The learned defence counsel conceded that the trial Court has the discretion for joint trial or separate trial, but contended that the case of accused Iqbal Ahmed Turabi would be prejudiced if accused Asif Hussain was tried separately. The learned trial Court considered the contention and held that accused Asif Hussain shall be provided fair opportunities to defend himself. So far, The remaining three accused were concerned, the entire evidence was recorded in their presence and they were given full opportunity, to cross-examine all thewitnesses which they have duly availed. The learned trial Court further observed that if few witnesses from the prosecution witnesses already examined are again examined against accused Asif Hussain then it will not prejudice the case of other accused as their case, could be decided on the evidence led against them. The application was allowed. Charge was framed against Asif Hussain on 28-2-2002 for abetment and criminal conspiracy with accused Iqbal Ahmed Turabi in acquiring offices No.2 and 3 on Plot No.10/C, 8th Commercial Lane Zamzama, Clifton Karachi in the name of accused Asif Hussain, which was disproportionate to the known sources of income of accused Asif Hussain and co-accused Iqbal Ahmed Turabi. Accused Asif Hussain was charged for the commission of offence under section 'i(a)(iv), (v) of NAB Ordinance, punishable under section 10 thereof read with serial No.2 of schedule of offences appended to the said Ordinance. Accused Asif Hussain pleaded not guilty to the charge. Thereafter one prosecution witness namely Muzaffar Hussain, Sub-Registrar, T-Division Karachi was examined who produced the certified true copies of sale-deeds in favour of accused Asif Hussain as Exhs.249 and 250, in respect of Offices Nos.2 and 3 on plot No.10-C/8 Commercial Lane Phase-V DHA Karachi. This witness was earlier examined in the trial against accused Iqbal Ahmed Turabi, Mrs. Najma Iqbal Turabi and Ziauddin Taimuri, as P..W.11 and had produced documents pertaining to other properties. The copies of the document Exhs.249 and 250 were earlier produced as Exhs.80 and 81 through P.W.22 Muhammad Shafi, the Estate Agent. After examination of one witness, in the trial against accused Asif Hussain, another absconding accused Hassan Raza surrendered himself before the trial Court on 12-3-2002. He was also granted bail by the High 'Court. The learned Special Public Prosecutor, then submitted an application for joint trial of accused Asif Hussain and accused Hassan Raza. With the consent of all
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Flat No. 206 Mehmoodabad House
Purchased Sold27-6-1996 1997Rs.835,000 Rs.26,25,000
Rs.17,90,000 Flat No:B-8 Purchased7-7-1991 Rs.410,000the defence counsel, the application was allowed and amended charge was framed against accused Asif Hussain and Hassan Raza on 20-3-2002. Accused Hassan Raza was charged with the commission of offence of criminal conspiracy and abetment with co-accused Iqbal Ahmed Turabi for acquiring Flat/Office No.M-04 Mezzanine Floor Falak Naz Centre, Shahrah-e-Faisal Karachi as defined under section 9 of the NAB Ordinance, punishable under section 10 thereof. Accused Asif Hussain and Hassan Raza were further charged for absconding in order to avoid the service of NBWs: on them and thereby committing an offence under section 31-A of the NAB Ordinance. Both the accused persons pleaded not guilty to the charge. The prosecution, thereafter examined P.W. No.33 Haroon Khanani (already examined in the trial against accused Iqbal Ahmed Turabi and two others, as P.W.23) P.W.34, M. Shafi (already examined as P.W.22). P.W.35, Muhammad Yar (already examined as P.W.15), P.W.36 Abdul Basit Khan (already examined as P.W.7).P.W.37, M. Ashraf P.W.38, A.S.-I.Hadi Bux,P.W.39, .A.S.-1. Rahim Khan, P.W.40, Munawar Ahmed (already examined as P.W.3), P.W.41, Ch: Mehboob Ali (already examined as P.W.14) and P.W.42, Aqeel Ahmed Qureshi Investigating Officer (already examined as P.W.31). ' The prosecution then closed its side. Accused Asif Hussain was examined under section 342, Cr.P.C. And he denied his absConsion. He further denied the purchase of offices bearing Nos.2 and 3 on Plot 10/C 8th Commercial Lane DHA for Rs.25,000.00 and stated that he was not aware as to when the property was purchased. He further stated that his Identity Card number written in the sale-deeds was not correct. ' The application submitted by accused Iqbal Ahmed Turabi and Ziauddin Taimuri, remained pending. All the five accused persons submitted second application under section 25 of the NAB Ordinance on 10-5-2002 in furtherance of pending application for plea bargain. This time the offer for cash settlement was raised to Rs.24 millions. After 19 days another application under section 25 of the NAB Ordinance was submitted by accused Iqbal Ahmed Turabi on behalf of all the accused persons, in furtherance of earlier application and" theoffer for cash settlement was further raised to Rs.25 million. The list of the properties disowned, acquired and sold and still held by accused Iqbal Ahmed Turabi as appended with the first application for plea bargain, was repeated and the additional sources as contained in the first application for plea bargain were also repeated. Alongwith this application for plea bargain a detailed reconciliation of final wealth sources were also filed. According to reconciliation of final wealth sources, the actual final wealth of accused Iqbal Ahmed Turabi was shown worth Rs.11,515,894. The cash amount, of Rs.16,575,915 was alleged to have been generated from the salary paid by PSO, share trading and property business. The cash generated from the assets/investments before joining PSO and from salary received from U.B.L. And Overseas Services were shown at Rs.3,683,900. Thus, the total resources available were alleged at Rs.20,259,815. ' The details of cash generated at Rs.6,575,915 were given as' follows:-- CASH GENERATED FROM PROPERTIES DURING THE JOB IN PSO 1. Properties taken by Investigating Officer in report which were sold and Net Profit/Cash generated: - CASH GENERATED FROM PROPERTIES DURING THE JOB IN PSO 1. Properties taken by Investigating Officer in report which were sold and Net Profit/Cash generated:.
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Super palace (Exh.No.227, 229 & 7 230Sold 1995 Rs.975,000
ProfitProfit Rs.565,000 Rs.23,55,000 1.Vehicle-Toyota Corolla from Dubai sold in 1986 (Passport copy Attached)Rs.3,20,000 2.Sale/proceed of Flat-Saghir Centre Purchased in 1974 Sold in 1989Rs. 2,75,000 3.Sale proceed of Plot-Karachi Administration Society purchased inRs. 6,50,000
This Property was not taken by Investigating Officer but shown/Declared during statement in Court. (Exhs.Nos.216 and 219) Purchased 1997 Sold 1998 ProfitRs.54,00,000 Rs.58,00,000 Rs.400.000 Total Cash/Profit From Properties Rs.27,55,000 2. Profit on Shares Trading as Taken by Investigating Officer in his report (P.W.16) (Exh. No. 61)Rs.54,30,105 3. Salary received from PSO (P.W.01) (Exh.No.12)Rs.23,06,322 4. Prize Bond Winnings (Exhs.Nos.215 and 216)Rs.265,000 5. House Loan from PSO (as per Investigating Officer Report) (Sr. No.19 under Financial worth of Reference)Rs.824,420 6. Loan From Banks (as per, Investigating Officer Report) 1994 ABN Amro (Sr.No.04, under, F.W. of Reference)Rs.18,30,068 Habib Bank Ag-Zurich (Sr. No.09, under F.W. of Reference)Rs.17,20,317 MCB Broadway Branch Rs.14,44,683 (Sr.No.05, under F.W. of Reference)
Total Cash GeneratedRs.4,995,068
Rs.16,575,915 The details of the cash generated at Rs.3,683,900 were given as under:-- Details of Assets anal their sale Proceeds/Encashment These Assets were purchased/investments made before joining PSO and…
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