Here’s the connection between Malik Riaz and the £190 million case involving Imran Khan—commonly referred to as the Al‑Qadir Trust case: 1. What is the £190 million case about? The United Kingdom’s National Crime Agency (NCA) had seized £190 million from Malik Riaz on suspicion of money laundering.اقرأ المزيد
Here’s the connection between Malik Riaz and the £190 million case involving Imran Khan—commonly referred to as the Al‑Qadir Trust case:
1. What is the £190 million case about?
- The United Kingdom’s National Crime Agency (NCA) had seized £190 million from Malik Riaz on suspicion of money laundering. As part of a civil settlement in late 2019, Riaz agreed to return these assets to Pakistan.
- Instead of going directly into Pakistan’s national treasury, the funds were channeled into a Supreme Court account—purportedly to settle a massive fine (roughly Rs 450 billion) imposed on Bahria Town by Pakistan’s Supreme Court.
2. How is Malik Riaz connected to Imran Khan in this case?
- The settlement and fund transfer occurred under the PTI administration while Imran Khan was Prime Minister. NAB accuses him of facilitating the transaction, benefiting Malik Riaz, and bypassing the national treasury. In return, Riaz allegedly donated land (around 458 kanals) to the Al‑Qadir Trust, headed by Imran and his wife, for establishing a university in Jhelum.
- The accountability reference filed by NAB names Malik Riaz, his son Ahmed Ali Riaz, Imran, Bushra Bibi, Mirza Shahzad Akbar, Zulfi Bukhari, and others as suspects, with some declared proclaimed offenders.
3. Why is Imran Khan saying “I will not be a sworn witness”?
- According to a statement reported by FT, Malik Riaz, who currently resides in the UAE, said: “No matter how much you oppress me, Malik Riaz will not testify!” This suggests he is resisting pressure to testify in the case against Imran Khan.
Summary Table
Stakeholder | Allegations/Role in the Case |
---|---|
Malik Riaz | Returned £190 million settlement; allegedly donated land to Al‑Qadir Trust. Refuses to testify. |
Imran Khan | Accused of abusing authority to benefit Riaz and facilitate the settlement in a way that bypassed the treasury. |
Al‑Qadir Trust | Beneficiary of land from Riaz; central to the quid-pro-quo allegations. |
In short: Malik Riaz’s civil settlement with the UK forms the financial core of the case. Imran Khan is accused of enabling the diversion of these funds in exchange for land, and Riaz’s refusal to testify—or become a witness—complicates the prosecution’s case and adds layers of political and legal intrigue.
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In Pakistan, when you withdraw more than PKR 50,000 in cash in a single day, the following taxes apply depending on your tax-filer status: For Non‑Filers (not on the Active Taxpayers List, ATL) Withholding tax (WHT): 0.8% of the total withdrawal amount per day. This rate was increased from 0.6% undeاقرأ المزيد
In Pakistan, when you withdraw more than PKR 50,000 in cash in a single day, the following taxes apply depending on your tax-filer status:
For Non‑Filers (not on the Active Taxpayers List, ATL)
For Filers (ATL members)
Examples
Additional Insights
That ≈0.6% deduction aligns with the previous rate before July 2025.
Summary Table
** Bottom line:**
Would you like help registering as an active taxpayer or exploring alternative withdrawal methods to reduce taxes?
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