PM Imran knowledgeable about WSJ story relating to Abraaj and Ok-Electrical

ISLAMABAD: Particular Assistant to Prime Minister on Accountability Mirza Shahzad Akbar on Thursday mentioned that he has knowledgeable PM Imran about alleged corruption in Ok-Electrical stake sale, ARY Information reported.

Talking completely to ARY Information, Mirza Shahzad Akbar mentioned that he knowledgeable PM concerning the Wall Avenue Journal Story which claimed that Abraaj’s co-founder supplied to pay $20million to a Pakistani businessman within the 12 months 2016 to to safe cooperation of then Prime Minister Nawaz Sharif within the sale of agency’s stake in Ok-Electrical.

“The PM requested me to look into this matter, he mentioned, do look into this matter, it will be important,” mentioned the PM’s assistant.

Shahzad Akbar additional mentioned that if Nationwide Accountability Bureau (NAB) is not going to provoke investigation, the federal government will formally request an inquiry.

“NAB ought to ideally name Abraaj Group’s Arif Naqvi for investigation,” mentioned Shahzad Akbar.

Abraaj co-founder offered $20million to secure Nawaz’s cooperation in selling K-Electric stake: WSJ

The WSJ report

It’s pertinent to notice right here that US primarily based newspaper Wall Avenue Journal reported that Abraaj’s co-founder supplied to pay $20million to a Pakistani businessman within the 12 months 2016 to to safe cooperation of then Prime Minister Nawaz Sharif within the sale of agency’s stake in Ok-Electrical.

In a report documenting Abraaj’s fall, the newspaper reported earlier this week that within the 12 months 2016,  Abraaj was trying to promote its stake in Ok-Electrical, the electrical energy supplier to Karachi so the agency’s co-founder Arif Naqvi tried to safe the cooperation of then-prime minister, Nawaz Sharif, and his brother Shehbaz, providing a $20 million fee to businessman Navaid Malik for his assist.

The report cites an October 2015 electronic mail to Abraaj co-founder Arif Naqvi from associate Omar Lodhi during which Navaid Malik mentioned that Shehbaz was “keen to offer a robust endorsement” of the deal to Chinese language bidders.

“Mr. Malik mentioned it was “essential for him to share each element with the brothers and get their blessings in addition to their directions as to how this cash must be distributed,” comparable to “a portion to charity” or “a portion to the election fund kitty,” Mr. Lodhi wrote within the electronic mail.

The report claims that when Naqvi emailed Lodhi concerning the $20 million contract for Navaid Malik in June 2016, he wrote, “This doc is explosive within the improper palms.” Abraaj and Ok-Electrical shouldn’t be named within the doc, he wrote: “Preserve it generic.”

Shehbaz Sharif, Nawaz Sharif and Abraaj co-founder Arif Naqvi have denied that they had been  concerned in corruption.

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