Thanks I need your opinion. I do regard your opinion in understand the stuff.
Asim Bajwa's assets were also accepted just by waving the papers like Aleema Khanum did.
In order to see what Aleema was doing, we have to take the sealed statement of "Niazai Services Euro account" incomplete statement which IK forgot about. There were some extra transactions on which Saqib Nisaar gave shut up call to Akrum Sheikh. --- remember that ?
Then Akrums Sheikh's banks were sealed to keep his mouth shut.
There is lots to see there --- I guess.
Investigation into assets is based on the understanding that buying property overseas is not illegal...and following that, the following questions need to be answered.
1. Where did the funds come from? Pakistan, or overseas?
2. If the funds were generated overseas, FBR has no jurisdiction over that property
3. If funds were sourced from Pakistan, how were they sent out?
4. If they were sent from Pakistan, the asset is taxable in Pakistan. Was it declared and tax paid?
In Aleema Khans case, funds were raised abroad. The money.was for stuff her business had exported, which she chose to keep in the US, and bought property with it. FBR argued that the money was export repatriation and hence, should have been brought to Pakistan, taxed, and then she could send the funds out.
They penalized her for this reason.
In Bajwas case, his wife invested a small amount in her family business. Bajwa said the money was sent through banking channels. He isn't a politician so he doesn't have a fiduciary duty to declare. If someone takes him to court, then he has to
Faiz Ida's wife moved money from Pakistan to UK to buy her assets. She says she has banking trails. She has submitted them and govt is verifying them. Question is, did she submit trail for the full amount of purchase? If yes, good. Next question is, did she pay taxes on it? If no, her situation would be more severe that. Aleema Khanum, as it would directly fall under AML statutes.
Keep one thing in mind with a neutral mindset. Money laundering is a major crime with lengthy sentences, apart from getting black listed by every bank. That is why a money launderer tends to use technical defenses.
I'm not a fan of Aleema Khanum, but she was forthcoming with fer declaration, and neither did we see either IK, or any other PTI official speaking on her behalf.
Serena Isa on the other hand has been arrogant. Sharifs have followed the same pattern in their defense. There is a practical reason for their vehement defense of an obvious crime.
If a single family member is convicted of money laundering, the entire family gets blacklisted.