nexus of iqbal z ahmad and national bank.pdf

7/27/2019 Nexus of Iqbal Z Ahmad and National Bank.pdf

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Nexus of Iqbal Z Ahm

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like the RPP's that are ow

loans to companies th

without him having a LP

originally given, though

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It is not secret that

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Pakistan (he enjoys the

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Swiss bank account

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Is this a quid pro quo p

shut about the accounts

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President Zardari by aski

by the President in that

d and National Bank

the National Bank of Pakistan the only gis the only commercial bank that will fu

ned by Iqbal Z. Ahmed and Anwar Majee

at give Mir Raza son of Ali Raza allocatio

marketing company at the time the all

with the money that was made from the

ed to set up the marketing company/bot

all projects that Mr. Zardari's front men

o by Mr. Syed Ali Raza President of Natio

protocol of a Chief Minister while moving

also extended to his son, daughter n da

ed Salim Raza an ex-Citibank Private ba

US Senate money laundering report to

s for the President in violation of Citibank

tly the Governor of the State Bank of Pa

ay off by the President for Salim to keep

details of which he clearly knows about h

nts under which Pakistan feel during his

her Ali who right after the elections went

g Mr. Anwer Majeed to arrange the meet

very meeting to do any and everything t

vernmentd projects

. Or extend

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cation was

allocation

tling plant.

anted

al Bank of

from one

ghter in

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ave opened

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to meet

ing was told

hat Anwer



wanted," as he was his mentor". Low and behold right after that Ali Raza

funded all Anwer Majeed's favorite projects and is ordered what to do by

his older son AG Majeed.

It would be interesting to note Anwer has gained the reputation of being the

most powerful man in Pakistan and is known to get whatever he wants done byall Government Ministries/Institutions. He has had 2 of his son's

father-in-laws appointed to high posts. Mr. Shaukat Tarin got be Finance

Minister and Mr. Farooq Rahimatulla Chairman of an oil company!

Majeed and Zardari decided that they wanted to also expand their joint

business empire and Ali Raza even went to extent of cancelling the loans for

Dewan Groups sugar and cement mills to enable the Anwar Zardari team to buy

these assets at throw away prices, something that they are still trying to

do. Anwer has also managed to have the ECC (the chairman of which is hisson's father in law i.e. Shaukat Tarin) ban the export of molasses to enable

the famous E-10 policy of blending ethanol into petrol be implemented into

Pakistan. The blending of ethanol with petrol was tried by the previous

Government and failed as it was not feasible but with the Zardari government

in power and he himself owning so many sugar mills there was a sudden

U-turn. It would be interesting to note that PSO is being used to implement

this project as mode of delivery and the only sugar mill/distillery that bid

for the supply of the ethanol to be used for blending with petrol for the

project is Naudero and belongs to the Majeed/Zardari team! Rumor has is all

other mills were told to stay away from the bidding for supply of ethanol if they knew what was good for them.



The RPP funding especially of Iqbal Z. Ahmed's/Anwer Majeed partnership

projects which were ramroded through and for which even the rental power

policy were changed are all miraculously being funded by guess who? Yes it

is once again Mr. Syed Ali Raza and National Bank of Pakistan to the rescue.

Why must one ask? Is it that another extension to him is on the cards? Is 10

years not enough as NBP President? Meetings that are held for these projects

at NBP are attended by AG Majeed and Iqbal Z Ahmed though Anwer Majeed is

not a partner on paper for these projects. These projects were so unfeasible

that Mr. Masood Karim someone who was known to be Ali Raza's lap dog when

asked to jump would say how high even resigned from the bank as his

department corporate banking was being forced by Ali to fund these projects!

One can only wonder how dangerous funding of these projects will be for the

NBP an institution. Ali Reza is the only head of a Government Institution/

Bank who has got such high salary and bonuses that no Govt functionary could

ever dream of.

How could this be allowed. Supreme court also took suo moto notice but it

was thrown on the back burner. He started receiving bonus for last 4 yearsbut when informed the National Assembly it was shown as received over ten

years .He has a dozen security guards at home besides police guards and

mobiles and owns bullet proof BMW 7 series air lifted and gifted by Yusuf

Dewan, Mercedes top of the line, Toyota, BMW Range Rover SUV's, Toyota

Camry, Corollas parked outside his house and most of them rusting. Which

Governor Chief Minister or federal Minister can match Ali Reza in perks ,

privilege and protocol.

nexus of iqbal z ahmad and national bank.pdf

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