According to the analysis done by the FIA, there were a total of 52 transactions related to the PTI that were conducted using five distinct bank accounts.
These transactions should have prompted suspicion. Imran Khan, who is the head of the party, took out a combined amount of Rs8 million from a PTI account in March of 2013. He made two substantial withdrawals during that month.
According to people with direct knowledge of the investigation, the banks ought to have sent suspicious transaction reports (STRs) in response to 52 different transactions involving accounts associated with the PTI.
Imran Khan took Rs8 million out of the PTI’s account at the HBL Civic Centre in Islamabad in March 2013.
Khan used his national identification card to verify the transactions.
The investigation was successful in identifying all nine of the individuals who had taken significant sums of money out of the party accounts.
According to the reporting of The News, their names and the numbers on their national ID cards are currently undergoing verification at their respective banks.
During the investigation, it was also discovered that there had been three different transfers made to PTI accounts.
There were a total of three wire transfers worth $2,480; two of them came from Nasir Aziz and Romita Shetty, who each sent $25,000, and the third one came from DIMAIO Ahmad Capital LLC in New York, USA, but it was not picked up by the ECP.
Both Nasir Aziz and Romita Shetty sent their money in separate transactions.
In addition, the Pakistan Tehreek-e-Insaf (PTI) opened a business bank account under the brand name Naya Pakistan, which was used to process sales totaling over Rs21 million between April and November of 2013.
According to the investigation, cash was sent from Arif Naqvi’s account at a Cayman Islands offshore corporation named Wootton Cricket to an account at The Insaf Trust founded by Tariq Shafi, a close friend of PTI Chairman Imran Khan who served as the trust’s first chairman.
The Cayman Islands registered Wootton Cricket.
In addition to this, Shafi received $575,000 in one of his accounts.
He subsequently transferred this sum of money to an account that is not associated with the PTI.
On Friday of the previous week, a team of investigators from the FIA traveled to Lahore to question Shafi.
When questioned by the investigators, Shafi stated that he had never heard of Arif Naqvi and had no information that money had been sent to Naqvi’s or the Insaf Trust’s accounts.
He also claimed that he was unaware that money had been sent to the accounts of the Insaf Trust.
According to people who are familiar with the circumstances, Shafi was reportedly questioned at length about the Insaf Fund; nonetheless, he asserted that there was no connection between the trust and the PTI.
Mahnur is MS(development Studies)Student at NUST University, completed BS Hons in Eng Literature. Content Writer, Policy analyst, Climate Change specialist, Teacher, HR Recruiter.
