ISLAMABAD: United Arab Emirate’s Ministry of Justice, in a notarized reply to the Joint Investigation Team (JIT) included in volume three of the report, stated that no transaction of AED 12 million exists in the records of Dubai Courts.
The AED 12mn transaction refers to the sale proceeds of 25 per cent shares of Ahli Steel Mills (erstwhile Gulf Steel Mills) in the name of the prime minister’s cousin Tariq Shafi.
“That no transaction worth AED 12,000,000 (twelve million Dirhams) as sale proceeds of 25% shares of Ahli Steel Mills (erstwhile Gulf Steel Mills) ever took place in name of Mr. Muhammad Tariq Shafi.”
Another question asked by the JIT referred to the transport of scrap machinery from Ahli Steel Mills to Al Azizia Steel Mills, the ministry replied that no scrap machinery was transported from Dubai to Jeddah during 2001 – 2002.
Sep 24, 2017 0
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