Parvez Rashid Lying about property prices in London in 2005/06.

tariq nadeem

MPA (400+ posts)
I was watching Capital Talk where Parvez Rashid trying to answer about funds to buy properties of Hussain and Hasan Nawaz lied openly. He said properties in London were very cheap back then and funds from sale of steel mill in Jeddah were used to buy those properties on mortgage.

Now forget few things here like how a steel mill was bought on borrowed money in 2001 and within 4 years they not only paid the loans back but sold it for such a huge sum that enough money was left to pay deposit for three properties in London. Coming to the point as someone living in England claim that properties were cheap in London in 06 compared to today is ludicrous.

I bought a property in 2002 just before the boom and sold it in 06 at four times price of purchase. Property in this country was booming till 2008 crash. Anyone living here would confirm that prices were at all time high in 2005/2007.
And no mention of funds that were used to set up them offshore companies. May be they came from sale of that magic steel mill lol.
 
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mnalam49

Minister (2k+ posts)
but yeh bhi yaad rakho keh woh mortgage par hai...mortgage ka to pata hi ho ga....us mein sirf 10% payment par property mil jati hai aur baqi qiston mein pay kartey raho bank ko.....aap ney kabhi mortgage nahin leya ho ga?
 

tariq nadeem

MPA (400+ posts)
but yeh bhi yaad rakho keh woh mortgage par hai...mortgage ka to pata hi ho ga....us mein sirf 10% payment par property mil jati hai aur baqi qiston mein pay kartey raho bank ko.....aap ney kabhi mortgage nahin leya ho ga?

Mere bhai meri post phir parh lain lafaz mortgage Mil jaye ga phir aagay baat ho gi.
 

ifteeahmed

Chief Minister (5k+ posts)
ایک جھوٹ کو چھپانے کے لئے سو جھوٹ بولے جائیں گے۔۔۔۔
آپ کون کون سا جھوٹ پکڑو گے اور پرویز رشید کی تو بات ہی مت کرو وہ تو جھوٹوں کا سردار مشہور ھے۔۔۔۔
(serious)
 

crankthskunk

Chief Minister (5k+ posts)
but yeh bhi yaad rakho keh woh mortgage par hai...mortgage ka to pata hi ho ga....us mein sirf 10% payment par property mil jati hai aur baqi qiston mein pay kartey raho bank ko.....aap ney kabhi mortgage nahin leya ho ga?

OK, if they were , why don't they show to the nation,
the purchase price of the properties, the 10% deposit paid, the expenses for completion, plus the mortgages secured on them with the mortgage deeds to prove that which bank landed the money on what interest rates.
You do that and we would accept your claims.
Please also provide the evidence how that 10% down payment's and expenses were funded. if the money was transferred to the UK, sources and mode of the transfers.
Then tie those transfers to the income declared any part of the world by Sharifs after paying the due taxes.

I wish you good luck. If Sharif could provide the evidence of these common practices, i would be your slave.
 

mnalam49

Minister (2k+ posts)
OK, if they were , why don't they show to the nation,
the purchase price of the properties, the 10% deposit paid, the expenses for completion, plus the mortgages secured on them with the mortgage deeds to prove that which bank landed the money on what interest rates.
You do that and we would accept your claims.
Please also provide the evidence how that 10% down payment's and expenses were funded. if the money was transferred to the UK, sources and mode of the transfers.
Then tie those transfers to the income declared any part of the world by Sharifs after paying the due taxes.

I wish you good luck. If Sharif could provide the evidence of these common practices, i would be your slave.
haan mein swal yeh hai keh yeh payment kahan sey dey raha hai...uski business keya hai....masaila yeh hai keh har dafa swal yeh keya jata hai property kahan sey ayey....yeh swal hi ghalat hai yahan property lena koee bari baat nahin hai ....mein swal yeh hai keh hussain nawaz ka business keya hai aur uskey leyey paisey kahan sey ayey....main cheez yeh hai
 

tariq nadeem

MPA (400+ posts)
haan mein swal yeh hai keh yeh payment kahan sey dey raha hai...uski business keya hai....masaila yeh hai keh har dafa swal yeh keya jata hai property kahan sey ayey....yeh swal hi ghalat hai yahan property lena koee bari baat nahin hai ....mein swal yeh hai keh hussain nawaz ka business keya hai aur uskey leyey paisey kahan sey ayey....main cheez yeh hai

My point was simply his lies that properties were cheap in London at the time of purchase. On national TV he was trying to mislead uninformed public about cheap prices when they were bought during peak property market. Rest of the issues come after that. Instead of dealing with simple lie of Parvez Rashid you tried to introduce me to the word mortgage. For your information I have purchased three properties in last 14 years during different times.
 

crankthskunk

Chief Minister (5k+ posts)
haan mein swal yeh hai keh yeh payment kahan sey dey raha hai...uski business keya hai....masaila yeh hai keh har dafa swal yeh keya jata hai property kahan sey ayey....yeh swal hi ghalat hai yahan property lena koee bari baat nahin hai ....mein swal yeh hai keh hussain nawaz ka business keya hai aur uskey leyey paisey kahan sey ayey....main cheez yeh hai

Au bhai, UK me rahtee ho, you know that it is difficult to get the mortgages, especially for the overseas nationals, who have no credit rating in the UK. No bank would loan to people without the credit ratings.
Secondly, there is evidence that
1- the three flats were bought in early 1990. Hussain at the time was a youngster. It wasn't his income. It was his dad's income. Questions how it was earned? How it was transfered?
2- The properties now Hussain is buying some of them have mortgages on it. But initially he couldn't get the mortgages, he transferred the money from the BVI off shore companies. His UK companies still have the evidence in the shape of a long term liability of 1,700,000 shown from a close family member, without interest and with a paragraph in the auditors report highlighting the fact that the company could be insolvent if the Loan is demanded by the creditors. With assurances from the sole Director Hussain Nawaz Shairf that the company would continue to trade as solvent and the creditor has no intentions to call back the loan in the next 12 months.
3- That paragraph in the Audited Financial Statement clearly negate the line once again taken by Maryam is false. If the beneficial owner of the "Coomber" is Hussain himself, he doesn't have to disclose it to the auditors that the loan is from a close family member.
4- if he himself is the beneficial owner of "Coomber" rather than Maryam as disclosed by Panama Papers, then he is guilty of fraud and should be prosecuted in the UK.

I can keep going, but I can assure you that Sharifs have no chance to stand in front of any intelligent person. Unfortunately, Pakistani journalists are either corrupt or thick.

 

mnalam49

Minister (2k+ posts)
Au bhai, UK me rahtee ho, you know that it is difficult to get the mortgages, especially for the overseas nationals, who have no credit rating in the UK. No bank would loan to people without the credit ratings.
Secondly, there is evidence that
1- the three flats were bought in early 1990. Hussain at the time was a youngster. It wasn't his income. It was his dad's income. Questions how it was earned? How it was transfered?
2- The properties now Hussain is buying some of them have mortgages on it. But initially he couldn't get the mortgages, he transferred the money from the BVI off shore companies. His UK companies still have the evidence in the shape of a long term liability of 1,700,000 shown from a close family member, without interest and with a paragraph in the auditors report highlighting the fact that the company could be insolvent if the Loan is demanded by the creditors. With assurances from the sole Director Hussain Nawaz Shairf that the company would continue to trade as solvent and the creditor has no intentions to call back the loan in the next 12 months.
3- That paragraph in the Audited Financial Statement clearly negate the line once again taken by Maryam is false. If the beneficial owner of the "Coomber" is Hussain himself, he doesn't have to disclose it to the auditors that the loan is from a close family member.
4- if he himself is the beneficial owner of "Coomber" rather than Maryam as disclosed by Panama Papers, then he is guilty of fraud and should be prosecuted in the UK.

I can keep going, but I can assure you that Sharifs have no chance to stand in front of any intelligent person. Unfortunately, Pakistani journalists are either corrupt or thick.


I am agree with some of your points. But as per your logic keh UK bank mortgage credit history key bagher nahin detey hain. Ab aik banda 1992 sey uk mein raha raha ho uski credit history us daur sey count hoti hai...woh pakistan aya aur phir family key sath deport hoa. Saudia chala gaya keya us dauran uski credit rating zero ho jati hai? ab point yeh hai keh jab woh shahi mehman they Saudia mein to usko loan shahi khandan key guarantee per bhi to mila aur usney factory lagai....chali aur phir bhej di...ab documental proof yeh nikalna chahey keh Hassan nawaz ney property 2006 mein kharidi hai ya 1992 mein...uski documents agar mil sakey to us sey sabit ho ga keh woh kab kharidi hai phir swal kharey ho saktey hain...
second rahi maryam ki baat...to jiss tarah uk ka qanoon hai keh jab ham bank mein form fill kartey hain to sath hi next of kin ka naam likhtey hain...panama mein yeh column nahin hota hai isleyey agar khuda na khwasta jo main banificiary ki death ho to property phir kiss key pass jai...zahir hai family key aik member ka naam add karna parhta hai...ab mein ney yahan property li hai to pakistan mein kisi family ka name dalon banificiary mein ta keh agar death ho to property ka malik woh baney...to keya aap log yeh kahien gey nahin yeh property maryam ki hai hussain ki nahin...jab keh maryam ka us sey koee lena dena na ho..
Swal agar paida hota hai to sirf itna keh khwa ma khwa kuch tax bachaney key leyey offshore company bananey ki zaroorat hi keya thi fazool mein apney leyey masaila khara keya hai bazahir sara hisab kitab clear hai bus fazool mein apney leyey problem paida kar leya hai
 

crankthskunk

Chief Minister (5k+ posts)
I am agree with some of your points. But as per your logic keh UK bank mortgage credit history key bagher nahin detey hain. Ab aik banda 1992 sey uk mein raha raha ho uski credit history us daur sey count hoti hai...woh pakistan aya aur phir family key sath deport hoa. Saudia chala gaya keya us dauran uski credit rating zero ho jati hai? ab point yeh hai keh jab woh shahi mehman they Saudia mein to usko loan shahi khandan key guarantee per bhi to mila aur usney factory lagai....chali aur phir bhej di...ab documental proof yeh nikalna chahey keh Hassan nawaz ney property 2006 mein kharidi hai ya 1992 mein...uski documents agar mil sakey to us sey sabit ho ga keh woh kab kharidi hai phir swal kharey ho saktey hain...
second rahi maryam ki baat...to jiss tarah uk ka qanoon hai keh jab ham bank mein form fill kartey hain to sath hi next of kin ka naam likhtey hain...panama mein yeh column nahin hota hai isleyey agar khuda na khwasta jo main banificiary ki death ho to property phir kiss key pass jai...zahir hai family key aik member ka naam add karna parhta hai...ab mein ney yahan property li hai to pakistan mein kisi family ka name dalon banificiary mein ta keh agar death ho to property ka malik woh baney...to keya aap log yeh kahien gey nahin yeh property maryam ki hai hussain ki nahin...jab keh maryam ka us sey koee lena dena na ho..
Swal agar paida hota hai to sirf itna keh khwa ma khwa kuch tax bachaney key leyey offshore company bananey ki zaroorat hi keya thi fazool mein apney leyey masaila khara keya hai bazahir sara hisab kitab clear hai bus fazool mein apney leyey problem paida kar leya hai

Oh bhai jan, first of all do you have prove that in 1992 Hussain was a UK resident? Tell me how old was he?
He is born in 1976 in 1992 he was 16/17 years old. How could he obtained mortgage? He wouldn't even have a credit rating being a minor.
Secondly, I am sure he wasn't a UK resident in 1992. Provide proofs if you insist.

Also please check their account, even now they don't have mortgages on the properties, instead they have bank loans, and also setup debentures against the properties own by the group. Do some research before making silly comments.
 

mnalam49

Minister (2k+ posts)
Oh bhai jan, first of all do you have prove that in 1992 Hussain was a UK resident? Tell me how old was he?
He is born in 1976 in 1992 he was 16/17 years old. How could he obtained mortgage? He wouldn't even have a credit rating being a minor.
Secondly, I am sure he wasn't a UK resident in 1992. Provide proofs if you insist.

Also please check their account, even now they don't have mortgages on the properties, instead they have bank loans, and also setup debentures against the properties own by the group. Do some research before making silly comments.


phir wahi confusion...arey bhai woh keh raha hai keh mein ney property 2006 mein li hai...aap usko 1992 sey jor rahey hain...agar uska claim ghalat hai keh 1992 mein li hai to uskey documents sey proof karo na ta keh woh jhoota sabit ho...woh keh raha hai bar bar keh 2006 mein jab gaya tab li hai
 
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