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Former PM tells court he never owned or ran Al-Azizia Steel

Steel News - Published on Fri, 16 Nov 2018

Image Source: Financial Express
Dawn reported that Pakistan former prime minister Nawaz Sharif testified before the accountability court that he neither owned Al-Azizia Steel Mills nor was he engaged in establishing or running operations of the company. Mr Sharif partially recorded his statement in Al-Azizia reference under Section 342 of the criminal procedure code (CrPC), as out of over 100 questions he gave answers to the 44 questions which were put to him by Judge Mohammad Arshad Malik of the accountability court.

Responding to a question about his address to the nation as prime minister in which he presented his stance regarding acquisition of Gulf Steel Mills, its sale and subsequent utilisation of its sale proceeds in reference to the Panama Papers issue, Mr Sharif said that “As regards my speech on the floor of Assembly, it is submitted that subject to my objection that the said speech cannot be read in view of Article 66 of the Constitution, the speech made by me on May 16, 2016 was based on copies of the various agreements and related documents pertaining to Dubai factory and another agreement related to Al-Azizia Steel Co.

He added that “I had never participated in any of the transactions pertaining to establishment and running of business of Gulf Steel Mills or its sale and subsequent use/disposal of its sale proceeds.”

He added that “Similar is my position with respect to the establishment, running, and operation of Al-Azizia Steel Mills Co. These facts stand un-contradicted and uncontroverted by any evidence produced by the prosecution in the instant case. I may add here that I never stated either in my address to the nation or speech in the National Assembly that I was ever the real owner of Al-Azizia Steels Co or Hill Metal Establishment.”

The former prime minister said the prosecution miserably failed to bring on record any evidence to even remotely establish anything to the contrary. “I may further add that neither the acquisition of Gulf Steel Mills, nor its sale or subsequent utilization of its sale proceeds had any connection to myself,” he declared.

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Posted By : Joykumar Irom on Fri, 16 Nov 2018
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