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Pakistan Top Stories

Imran Khan accepts his offshore company

LONDON: Pakistan Tehrik e Insaf (PTI)  Chairman Friday Imran Khan finally has accepted ownership of an offshore company, TheNewsTribe.com reported.

While Talking to media in London, Imran Khan stated that “This company was founded in 1983 on my accountant’s advice. My London flat was purchased under the ownership of this company, the money I got from playing county cricket was used here.”

According to the official land registry record of the UK government, the said property — Flat 2, 165 Draycott Avenue, London (South Kensington) — was registered in the name of ‘Niazi- was registered in the name of ‘Niazi Services Limited’ of Jersey, Channel Island, on May 3, 1984.

The flat was sold on March 17, 2003 for GBP715,000. The PTI chief in his different interviews said that he has sold his London flat but never disclosed it was owned by an offshore company. The nomination papers filed with the Election Commission of Pakistan (ECP) by PTI chief Imran Khan from NA-71 Mianwali to contest 2002 general elections, officially obtained by The News from ECP, also reflected the same address of his London flat.

The ‘Niazi Services Limited’ was registered in the jurisdiction of Jersey, Channel Island on May 10, 1983 with company code 26211 on the address Langtry House, La Motte Street, St. Helier, Jersey, reveal the documents obtained by The News from Jersey authorities after paying legal fees.