Tuesday , 6 December 2016
Home / International News / PML-N papers: Purchase of London flats and the Al-Thani connection
PML-N papers  Purchase of London flats and the Al-Thani connection

PML-N papers: Purchase of London flats and the Al-Thani connection

The following is an excerpt from documents submitted to the Supreme Court by the children of Prime Minister Nawaz Sharif for the Panamagate hearing. The assertions made in these extracts are solely the view of the respondents. Dawn.com does not endorse or confirm the claims made in the case file.

A document submitted by the children of Prime Minister Nawaz Sharif contains the respondent’s version of how flats in Avenfield House, Park Lane London were acquired.
In brief:

Flats in Park Lane were purchased by the Al-Thani family

Ownership was secured through Nielsen Enterprises Limited and Nescoll Limited

Al-Thani family allowed Late Mian Muhammad Sharif and family to use flats

Since 2006, the flats are owned by Hussain Nawaz

Read verbatim extracts from the PML-N case file below:

“Flats no.16, 16a and 17a, Avenfield House, Park Lane, London (the “properties”) were purchased by the Al-Thani family and their ownership was secured through two companies, namely Nielsen Enterprises Limited and Nescoll Limited (the “Entities”), the bearer share certificates of which were kept by the Al-Thani family in Qatar.
Maryam Safdar, Hussain Nawaz trustee-beneficiary agreement

On account of the longstanding business and personal relations of the Al-Thani family with Late Mian Muhammad Sharif, Al-Thani family allowed Late Mian Muhammad Sharif and his family to use the Properties whilst bearing all expenses relating to the Properties including the ground rent and service charges.

That, after his exile from Pakistan on 10th December 2000, Late Mian Muhammad Sharif advised Al-Thani family that the said investment, together with its cumulative return, would be for the benefit of his eldest grandson, i.e. respondent No. 7 [Hussain Nawaz].

That ultimately in the year 2006, the account between Al-Thani family and respondent No.7 was settled through which the Properties were transferred by delivery of the bearer shares of the Entities to nominee of Respondent No.7.

That respondent No.6 is a trustee for the benefit of respondent no.7 in pursuance of a Trust Deed of 2006, which has been executed between Respondent No.6 [Maryam Nawaz] and Respondent No. 7.

That since the year 2006, the Properties are owned by Respondent No.7.”

Courtesy : Dawn News

Comments

comments

Show Buttons
Hide Buttons