Saturday, August 4, 2012

Shaukat Khanum Funds - Investor guaranteed to bear the loss : Imran Khan

Founder of Shaukat Khanum Memorial Hospital and Pakistan Tehreek-e-Insaf Chairman, Imran Khan has clarified the accusations against the Hospital and said the "Bluechip Company has  guaranteed us that they will bear the loss and we will get the profit. Our party’s (PTI's) Senior Leader will read out the Email to you".

However, Imran did not provide detail about this rather late and unusual guarantee. And what party's Senior Leader has to do with the Email?

Earlier, Khawaja Asif of Pakistan Muslim League (Nawaz) leveled allegation against Imran Khan and said that a total of $4.5 Million were invested abroad, which was "In fact the money gained from Sadqaat, Fitrana and Zakat… This was the money of the Pakistani Nation which went abroad".

"In British Virgin Islands, a Shell Company was first registered. That company transferred money into a company, HBG in Dubai, then HBG bought shares of Sugarland Company worth $3 Million. During 2009-2010, Sugarland declared losses and in the coming two years, it faced 64% losses. Here, the money of Shaukat Khanum invested by Imran Khan also faced a loss but it was not shown", Asif said while referring to the documents he had distributed.

Khawaja Asif questioned Khan that if the investment was so safe and profitable, then why did he not put in his own money rather than that of Shaukat Khanum. "This is not a Scandal of the PTI, this was a play of Shaukat Khanum’s money… Shaukat Khanum has not published its Balance Sheets, the last one available is from 2010, which we have provided to you".

Interestingly, a year ago, Imran Khan had contrasting views, as he said "The Shaukat Khanum funds are not spent on buying properties and building businesses in London, France and elsewhere in the world. They are, instead, meant for free treatment of people, thousands of whom have been cured of cancer," while he was in London to launch his book "Pakistan: A Personal History".

Questioning the matter Senior Analyst Dr Farrukh Saleem asked "If Shaukat Khanum or Imran Khan sent Pakistani money abroad without authorization from State Bank or ECC, it would be unlawful!".

Imagine Zardari opening Benazir Welfare Hospital, and the board of directors of the hospital investing the donation money through an unknown offshore company owned by one of it’s own members which results in huge losses. And imagine all this happening without any due process (Bank Guarantee). What would have happened with Zardari by now on media and internet?

When even valid questions are left unanswered and people blindly start chasing the person who puts them, it’s a sign that Tsunami is knocking at the door steps. Shaukat Khanum Memorial Hospital may be the best thing that ever happened in the world, it doesn't mean people running it cannot be questioned?

But off course, in this Time of Revolution, there hasn’t been a better time to hold the silence.

The information presented above is offered in Good Faith and is correct to the best of our knowledge. If any factual errors have appeared here inadvertently, then we would be pleased to hear from anyone wishing to offer corrections.

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  1. Well, I want to salute to this person because personally I visit this hospital when I visited Pakistan for business trip. This hospital is pretty good and totally free of cost for poor people’s which is awesome.

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  2. @JimmY, why did you visit Shaukat Khanum Hospital during your "Business Trip", are you also involved in business with Shaukat Khanum Hospital?