ISLAMABAD : Ex Army Chief and former President of Pakistan General Pervaiz Musharraf Owns offshore accounts value having more than 2 Billion, besides having foreign bank accounts, Musharraf has also made huge saving investments abroad specially in Dubai. Special Report
In wake of the Panama Papers leak, the politicians are being grilled for owning offshore companies but no one asks the ex-dictator Pervez Musharraf from where he got billions of rupees which are kept in his offshore accounts. Musharraf, who retired as army chief, till recently was in possession of around Rs 2156 million net cash in his offshore bank accounts besides other movable and immovable property
The politicians are considered children of lesser god when it comes to criticism on any account whereas no one dares to say a single word against the holy cows.
Gen. Musharraf accumulated billions in offshore accounts besides the property that he has already purchased in foreign lands or inside Pakistan but he never mentioned these assets and accounts even at the time of assets declaration while submitting his nomination papers during general elections 2013.
In wake of the Panama Papers leak, the politicians are being grilled for owning offshore companies but no one asks the ex-dictator Pervez Musharraf from where he got billions of rupees which are kept in his offshore accounts. Musharraf, who retired as army chief, till recently was in possession of around Rs 2156 million net cash in his offshore bank accounts besides other movable and immovable property
The politicians are considered children of lesser god when it comes to criticism on any account whereas no one dares to say a single word against the holy cows.
Gen. Musharraf accumulated billions in offshore accounts besides the property that he has already purchased in foreign lands or inside Pakistan but he never mentioned these assets and accounts even at the time of assets declaration while submitting his nomination papers during general elections 2013.
According to the source, besides having foreign bank accounts, Musharraf has also made huge saving investments abroad to earn large profits. The source said that in just one Dubai-based online trading service — MMA — Musharraf had US$ 1,600,000 (Rs 145 million) last year. Musharraf’s account number, according to the source in this company, is AV77777.
In the Union National Bank, which is an investment bank in Abu Dhabi, Musharraf and his spouse Sehba Musharraf, have a joint account No 4002000304, in which the amount mid last year was UAE Dirhams 17,000,000 ( Rs 391 million).
In the same bank — the Union National Bank — they have another joint account No 400200315, which is a dollar account. This particular account last year contained US$ 535,325 (Rs 48 million).
In yet another UAE Dirham account in the same financial institution — the Union National Bank — Sehba and Musharraf had almost UAE Dirhams 7,600,000 (Rs 174 million) last year. The account No is 4003006700. In the fourth account, No 4003006711, in the Union National Bank, the duo had UAE Dirhams 8,000,000 (Rs 184 million). In the fifth account, No 4003006722 in the same bank — the Union National Bank — Musharraf and his wife had US$ 8,000,000 (Rs 728 million). In the sixth account, No 4003006733, Mrs Sehba Musharraf and Mr Pervez Musharraf had UAE Dirhams 8,000,000 (Rs 184 million) last year. In the seventh account, No 4003006744, in the same Union National Bank, the duo holds UAE Dirhams 8,000,000 (Rs 184 million). In their eighth account in the same bank — the Union National Bank Abu Dhabi — the duo had US$1,300,000 (Rs 118 million).
During the initial few months of his taking over as a military dictator following his coup against the Nawaz Sharif government, General Musharraf made his wealth public, which hardly contained any cash but only some plots in different parts of the country. Musharraf claimed to be the Mr Clean of Pakistan. How did he become a billionaire is a million dollar question.
