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Nawaz Sharif

Fugitive Billionaires
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Why Do the British Love Fugitive Billionaires?

by Shamsul September 28, 2022

Why Do the British Love Fugitive Billionaires?

 

This article will focus on the United Kingdom. Why & how does Britain have a fondness for fugitive tycoons? The largest and friendliest haven for financial fraudsters. Britain appears to like fugitive millionaires of any color or nationality, irrespective of their criminality or dishonesty. If you have a great deal of money and want to go beyond your country’s legal system, Britain seems to be the destination to go. They will accept you with welcoming arms if you present them with enough bucks. The authorities would not only give you refuge but will also assure that your business enterprise never comes to an end. From African dictators to Arab emirs, Russian billionaires to Eastern-European crooks, all kinds of coupists have sought shelter in the so-called mighty country over the years (Mosamku, 2020).

From evacuating Pakistani rulers to tax cheats in India. The United Kingdom has become a sanctuary for various business magnates (Fugitive Billionaires) on the run. Most of you are probably aware of this person, who spent years working for an airline before opting to escape his country, named Vijay Mallya.

Vijay Mallya

Mr. Mallya has always been having a good time. This colossal king of the past owed 17 Indian banking industry a total of 9,000 million rupees. As a result, he chose to relocate to Britain (Fugitive Billionaires). Later, after 3 years, he turns up for court proceedings puffing expensive cigars. 

Nirav Modi

Nirav Modi, an Indian-origin diamond merchant on the loose, is also suspected of a “13-billion-rupee” fraud.

He has since been spotted sporting a 10,000-pound blazer in London. When questioned, he pretended to be on his way to India after reclaiming the Kohinoor. However, I’ll offer you other figures because this list is extensive. In all, 5,500 Indians filed for asylum in the United Kingdom until 2013. India and the United Kingdom do have an extradition pact in place since 1992. Now, do you know how many evacuees have been deported to India due to this treaty? Just ONE – The gentleman named Sameer Bhai Vinu Bhai Patel (Mosamku, 2020). There’s only been one extradition to India. It was in 2016, and no additional deportation attempts have been made since then.

 

Why Hasn’t India been able to Take Back these Perpetrators? (Fugitive Billionaires)

There’s been much finger-pointing and political posturing, although have you really pondered why India can still not take back its fugitive tycoons? Because of the ingeniously crafted UK Legislation. But no, I’m not planning a legal workshop; these are simply some notions.

 

The Judicial System in the United Kingdom ((Fugitive Billionaires))

The judiciary system in Britain is the most significant impediment to repatriation. The nation ratifies the European Conventions of Human Rights. If a Britain judge determines that the deportation is for political grounds, the extradition will proceed. Alternatively, if the transferred individual is likely to be subjected to violence or capital punishment, they would refuse the extradition process. Some might call it a reward for Indian offenders.

 

Money Speaks Louder (Fugitive Billionaires)

Such rogue capitalists could be in severe debt to their throats. However, they are still multimillionaires and have a great deal of money. The British authorities would do everything possible to avoid repatriation. As a result, the plundered funds are held in UK banks or offshore bank accounts. I do have figures for you once more. As per a study by Deutsche Bank, Britain collected $129 billion in cash from runaway asylum seekers from 2006 to 2015. 

This money goes directly to British marine paradises like Gibraltar, the British Virgin Islands, Cayman, Guernsey, and Jersey. According to corruption surveillance, the UK financial planning business controls $800 billion in worldwide money, with a hidden embezzlement hazard of $800 billion.

The FCA [Financial Conduct Authority] is the financial industry regulator in the United Kingdom. As per the “Corruption Watch,” no judicial actions for financial fraud have been undertaken by this entity since 2007 (Mosamku, 2020). 

As a result, for the past 13 years, this organization has held firm despite international opposition and offered complete security to fugitive investors and companies from any court inquiry. So, if you’re accused of Financial Misconduct, Holiday Forex, or Stock HEDGING, the Britain financial sector and its arcane regulations will back you up.

 

THE MOST EXPERIENCED LEGAL MINDS (Fugitive Billionaires)

Fourth, Britain boasts some of the most influential legal minds in the world. Leading British politicians are contending for the millionaires who are departing the country. These are folks who also are incredibly knowledgeable about Indian law. Vijay Mallya’s matter is being handled by BOUTIQUE LAW, a global law company. Anand Doobay, one of Britain’s top legal minds, is a co-managing partner at this firm.

This individual was assigned to a group to evaluate the UK’s extradite arrangements by outgoing Prime Minister Theresa MAY while she was the nation’s Home Secretary. After consulting the country’s home secretary, her firm is now contesting the Vijay Mallya trial. 

Neerav Modi likewise solicited the same firm’s expertise. Whatever I imply is this: the British are brilliant people who haven’t governed half of the world by accident. They turned their small island into the most lucrative location for monetary scam artists. They initially provide sanctuary, then create possibilities for laundering money, cut off the robbed riches, and eventually force countries to seek repatriation in their tribunals. 

But India’s ties with the UK are so commercial that it just doesn’t challenge the UK’s underlying reasons for postponing extraditions. Instead, from the perspective of British lawmakers, India demands certifications from Kashmir. The Supreme Court of India has directed Vijay Malia to show up in court soon. The judges have urged the Ministry of Home to make it easier and more secure for Mallya to appear on this occasion. This is an instance of disobedience to the court.

 

Why are fleeing Indian criminals seeking asylum in the United Kingdom?

Because the judicial systems in India and the United Kingdom are almost comparable, fugitive Indian offenders are sheltered in the United Kingdom. In 1992, India and the United Kingdom concluded an extradition deal. The year before, India handed over 57 runaways to the United Kingdom, while the United Kingdom handed over 17 of the same to India. According to figures, 5,500 Indians reportedly sought asylum in the United Kingdom since 2013. 

Two offenders have already been handed up to the United Kingdom by India. However, not all of those are offenders. India and the United Kingdom signed an exchange pact in 1992, and the United Kingdom only repatriated one offender, Indian Samirbhai Vinubhai Patel, in 2016 (Singh, 2019). Since then, the United Kingdom has not returned any runaways to India. The issue now is what type of assistance the British government provides to Indian offenders.

 

What are the Geneva Convention’s concepts and regulations?

Let’s take a closer look at this phenomenon. (Fugitive Billionaires)

1. The fact that Britain governed India for approximately 200 years is well known. Well after the British left, India still maintained numerous British-era customs and laws. Numerous competent attorneys in India and the United Kingdom are very well accomplished in both British and Indian legislation, which gives Indian offenders an edge. Since the judicial systems of India and the United Kingdom are nearly comparable, India’s offenders have sought refuge in the United Kingdom.

2. The British Commission on Human Rights is highly rigorous and defends the rights of all individuals who live in the United Kingdom. Criminals are abusing this privilege. If a British judge considers that repatriation may result in a person being sentenced to death inside India, mistreatment, or repatriation for political purposes, the extradition will be denied. 

Nirav Modi’s attorney told a London hearing that their client’s repatriation is politically driven because Indian politicians exploit his image at gatherings, angering Indian citizens and putting his client’s security at risk in India (Singh, 2019). 

3. Many Indians reside in London, making it a friendly atmosphere for fleeing offenders. South Asian cuisine is widely found here. Many parts of London have indeed been dubbed “Mini India.” Numerous Bollywood businesses and celebrities own homes in London & frequently visit. Vijay Mallya, as everyone realizes, also lived in a big villa in London. It is not factual that London is solely home to fleeing Indian offenders. 

Former Pakistani PM Nawaz Sharif (Now Declared absconder by the court)

In addition, several Pakistani offenders seek shelter in London. Former Pakistani PM Nawaz Sharif (Now Declared absconder by the court), his children, Benazir Bhutto’s clan, Bilawal Bhutto, and his siblings have all resided there for a long time. It is now essential for the Indian & Pakistani governments to reauthorize the extradition agreement with the United Kingdom to expedite offenders’ expulsion.

Why Do They Find it so Easy?

The following will help explain:

Human Rights Legislation that is Rigorous (Fugitive Billionaires)

The Modis (Nirav & Lalit) and the Mallya’s of India were not the only ones who sought protection in the Queen’s realm. Since 2013, upwards of 5,500 Indians have applied for asylum in the United Kingdom; however, not all are offenders. They would be subjected to torture or the death sentence, or if extradition is being sought for political purposes. The United Kingdom is a party to the “European Convention on Human Rights”; UK courts can refuse extradition requests if they believe the individual to be deported.

 

Extradition is Being Delayed (Fugitive Billionaires)

In the United Kingdom, extradition processes are sluggish. Rajesh Kapoor (2011) for counterfeiting and forgery, Tiger Hanif (2004) for engagement in terrorist activity, Atul Singh (2012) for sexual crimes, Raj Kumar Patel (2009) for falsification, Jatinder Kumar Angurala as well as Asha Rani Angurala (2014) for financial crimes, Sanjeev Kumar Chawla (2004) for cricket gambles, and Shaik Sadiq (2004) for corruption: India has submitted nine deportation orders, including that of Vijay Mallya In courts, these cases are still ongoing (ET ONLINE, 2018).

 

Extradition Requests Were Turned Down

Lalit Modi
Nadeem-Saifi
Ravi-Sankaran
Raymond-Varley
Sudhir-Choudhrie
Tiger-Hanif

Since the two nations approved an extradition agreement in 1992, the UK has only deported back one Indian, Samirbhai Vinubhai Patel, in 2016. In contrast, India has deported several British fugitives, including Maninder Pal Singh Kohli in 2007 for killing, Somaia Ketan Surendra in 2009 for dishonesty, and Kulwinder Singh Uppal in 2013 for abduction. Why hasn’t India been able to take back these perpetrators? 

For various reasons, the UK has denied many extradition petitions made by India for Fugitive Billionaires. Ravi Shankaran, Raymond Varley, Ajay Prasad Khaitan, Velu Boopalan, Virendra Kumar Rastogi, as well as Anand Kumar Jain are some of the names on the list (ET ONLINE, 2018).

 
 

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PESTLE Analysis of Pakistan

MERGERS AND ACQUISITIONS

September 28, 2022 0 comment
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Richest People of Pakistan
BusinessManagementMarketingTop 10

Top 10 Richest People of Pakistan

by Shamsul March 29, 2021

 

Top 10 Richest People of Pakistan

 

There is no Pakistani in the list of the top 10 richest persons in the world, but there are many Pakistanis who are billionaires and doing really well. Their net worth is in billion dollars, that’s why we decided to look at those Pakistanis. They are the richest persons in Pakistan and also considered the most influential people in Pakistan. Scroll down to see the list:

Shahid Khan ($8.0 billion):

Pakistani-born American billionaire

He is a Pakistani-born American billionaire who produced this giant sum of money through automobile parts manufacturing production. He is the owner of Flex-N-Gate which is a reputable automobile parts manufacturing company. The total net worth of Shahid Khan is 8.0 billion dollars and he grabbed the first position in the top 10 richest people of Pakistan.

Mian Muhammad Mansha ($3.2 billion):

Mian Mansha is a famous Pakistani businessman and running several businesses including Adamjee Group, MCB Bank, and Nishat Group. He is the richest person in Pakistan with a net worth of 3.2 billion dollars. He is also the most influential person in Pakistan and running different businesses such as textile, banking, transportation, and so on.  Mian Mansha comes into the 2nd position in the top 10 richest people of Pakistan.

Asif Ali Zardari ($1.8 billion):

He is the ex-president of Pakistan. He is the current co-chairman of the Pakistan People’s Party (PPP) which is the largest political party in Pakistan. His net worth is 1.8 billion dollars and secured the second position in this list. He earned this money from different businesses and he is also running several businesses in America and UK. Asif Ali Zardari got the 3rd position in the top 10 richest people of Pakistan.

Anwar Pervez ($1.67 billion):

He is a famous businessman in Pakistan. He is the founder and chairman of ‘’Bestway Group’’, which has 50+ Cash and Carry in Pakistan. The current age of Anwar Pervez is 79. His net worth is 1.67 billion dollars in 2021. Anwar Pervaiz placed in the 4th position in the top 10 richest people of Pakistan.

Nawaz Sharif ($1.4 billion):

He is the president of the Pakistan Muslim League (N) which is the largest political party in Pakistan. Nawaz Sharif was the three-time Prime Minister of the country. He is not only a successful politician but also a successful businessman. He has several businesses in Pakistan and overseas. Nawaz Sharif’s net worth is 1.4 billion dollars. His position is 5th in the top 10 richest people of Pakistan.

Sadruddin Hashwani ($1.5 billion):

The chairman of Hashoo Group Sadruddin Hashwani is a renowned personality in Pakistan. He is best known for his businesses such as Oil and Gas, pharmaceuticals, IT, real estate, and tourism. He earned most of his money from Pearl Continental, Marriott, and other businesses. The net worth of Sadruddin Hashwani is 1.5 billion dollars. Hashoo Group Sadruddin Hashwani got the 6th position in the top 10 richest people of Pakistan.

Malik Riaz ($1.1 billion):

He is a well-known real estate tycoon in Pakistan. Malik Raiz is the owner of Asia’s biggest real estate business Bahria Town. He has a total worth of 1.1 billion dollars but according to some sources, has more than 2 billion dollars. He is the sixth richest person in Pakistan.  Real estate tycoon obtained the 7th position in the top 10 richest people of Pakistan.

Nasir Schon ($1 billion):

He is the chairman of Schon Group and a reputable businessman in Pakistan. From Schon Textiles to Schon Bank, and Pak-China Fertilizers, they are doing really well in every business. The net worth of Nasir Schon is 1 billion dollars. They are also investing in technology, real estate, transportation, and the fitness business. Schon Group got the 8th position in the top 10 richest people of Pakistan.

Chaudhry Group of Industries ($0.91 billion):

They are the 9th richest person in Pakistan. They are very powerful industrialists and business-family and own the Chaudhry Group of Industries. Their group has invested in several businesses such as Nestle Plants, Sugar mills, steel industries, and Machinery manufacturing plants. Chaudhry Group of Industries obtained the 9th position in the top 10 richest people of Pakistan.

Rafiq Habib ($0.90 billion):

He grabbed 10th place in this list and a powerful businessman. From automobiles to retail, construction, and various businesses, they are considered as the giants. Moreover, the main source of income is Habib Bank which is a leading banking system in Pakistan. His net worth is 0.90 billion dollars. Rafiq Habib got 10th position in the top 10 richest people of Pakistan.

 

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Pervez Musharraf
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A Shameful Day For the Judiciary of Pakistan

by Shamsul December 19, 2019

 

A Shameful Day For the Judiciary – Lamha Fikria

19th Dec. 2019

 

 

This was not what Quaid-e-Azam envisioned about Pakistan!

This was not how he as a lawyer fought for Pakistan!

This is not how civilized institutions of civilized countries behave!

Shameful day For Pakistan’s Judiciary

Quaid – E – Azam, ‘We Are Sorry!’

Great Leader

 

From the day when the respected lawyers’ mob of Pakistan became sons of satan and rampaged a hospital, setting vehicles on fire, smashing windowpanes and equipment, firing gunshots, hitting policemen with stones and bricks, ultimately killing 3 patients in the hospital’s ICU to today’s verdict of sentencing Musharraf to capital punishment in life and to be hanged on D-Chowk for three days if dead!

 

And what did Pervez Musharraf do to receive a verdict no one has before in the history of the country! He modified practices according to the need of the time and did what in his opinion was good for Pakistan! Pervez Musharraf is being convicted for a crime that was not even included as high treason in Pakistan’s law at the time it was committed. The case was filed in 2013, whereas the law of high treason was passed in 2014 however still it has been levied on an action that was conducted in times prior to its related law imposition on it.

Questions About Trail:

Questions on whether the trial was fair or not still remain at large, as rumors related to the Chief Justice of Peshawar High court, Justice Waqar Ahmed Seth being linked in the family with Nawaz Sharif and Shahbaz Sharif are still being investigated.

Whether Pervez Musharraf’s subject to such a senseless, lawless and unconventional decision was owed to vengeance on part of Sharif brothers, on part of former Chief Justice Iftikhar Chaudhry for firing him from his post or owing to some other power working behind the scenes, Pakistan’s law institution face the biggest criticism in its history and questions the sanity and capability of decision-makers given the power to decide on the fate of people facing trails, whether fair or not.  Let us view how Pakistan’s legal system has treated its high profile cases in the past and how does the Musharraf case fair against them.

Nawaz Sharif

 

Nawaz Sharif – Criminal Actions

  • A former Pakistani prime minister.
  • Elected thrice as constitutional ruler of Pakistan and twice as chief minister of Pakistan’s largest province.
  • Official assets soaring from 166 million in 2011 to 1.82 billion in 2013, depicting only a fraction of what he actually hid in his various accounts spread worldwide.
  • Trialed and convicted of corruption and money laundering is linked to at least eight offshore companies.
  • He ruled the country for more than 9 years and robbed it off all its opportunities and potentials while building up his personal empire.
  • He ruled the country for 9 years and couldn’t manage one international level hospital in the country where he can get himself treated and went offshore for medical assistance with the help of Court although he is convicted.

 

Judicial Sentence

Barred from holding any public office for life and sentenced to jail for 10 years as punishment for corruption and money laundering charges.

 

Zardari

 

Asif Ali Zardari – Criminal Actions

  • Former president of Pakistan convicted on several cases including kidnapping and extortion in 1990, the murder of the Murtaza Bhutto, his wife’s brother and political opponent, convicted for fraud, corruption and money laundering after the Swiss government handed over evidence of money laundering associated with Zardari.

 

  • According to official figures in 2005 Zardari’s assets were worth $1.8 billion, with more than $60 million transacted in his Swiss account in wake of offshore companies. These figures represent only a fragment of his total wealth spread worldwide.

 

Judicial Sentence

Zardari Convicted 14 years in jail in totality for different cases before gaining power as president of Pakistan, after becoming co-chairperson of Pakistan Peoples Party (PPP).

 

Ishaq Dar

Ishaq Dar Criminal Actions

  • Former Industries & Investment and Commerce minister of Pakistan and 4-time finance minister of Pakistan along with being a member of the senate from 2003 to 2018.
  • Current fugitive since December 2017
  • Self-confessed of money laundering for Nawaz Sharif worth of US $18.47 million
  • Personal Asset worth Rs 583 million, with a further investment of Rs 325 million in investment bonds. Additionally, he was also found to have further investments of £5.5 million in UAE and further investments in the USA, Pakistan, and UAE.
  • Currently present in the UK under political Asylum status

 

Judicial Sentence

Seizing of all accounts of Ishaq Dar, the government takes charge of all his properties in Pakistan and the auction of his assets in the country.

 

Pervez Musharraf Criminal Actions

  • Violating Pakistan’s constitution by unlawfully declaring emergency rule in the country during his tenure as president

 

Musharraf Ex Army Chief and President

Judicial Sentence

Trialed in absentia, Musharraf was granted capital punishment or the death penalty against the act of high treason. The special court constituted for Musharraf’s trial constituting of Peshawar High Court Chief Justice Waqar Ahmad Seth, Sindh High Court Chief Justice Nazar Akbar, and Lahore High Court Chief Justice Shahid Karim.  The decision was a 2-1 split decision, with Justice Akbar going against it.  The detailed verdict states

“As a necessary corollary to what has been observed, we find the accused guilty as per charge. The convict is, therefore, hanged by his neck till he dies on each count as per charge”.

And the verdict does not end here; the verdict follows to state addressing law enforcement agencies to try their best to bring Musharraf back in the country to be hanged. Further on in the words of the court verdict

“If found dead, his corpse be dragged to the D-Chowk, Islamabad, Pakistan and be hanged for 03 days”

Justice Karim opposed the dragging to D Chowk sentence and opposed it. The particular dragging corpse on D Chowk decision came from Justice Waqar Ahmad Seth alone.

 

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Nawaz Sharif
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Nawaz Sharif Leaving For London

by Shamsul November 20, 2019

 

 

The Image of Ailing Nawaz Sharif Convicted Ex 3 Times Prime Minister. Nawaz Sharif is leaving for London in Qatar Air Ambulance via Qatar is Self-Explanatory. Personal Doctor and His brother Shahbaz Sharif is with him. My Keyboard has Stopped Writing.

 

Nawaz Sharif

Courtesy: Dawn News

 

Nawaz Sharif

November 20, 2019 0 comment
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