04-10-2010, 10:15 PM
SOME ONE HAS E-MAILED THE FOLLOWING ARTICLE TO A LOT OF UNDISCLOSED
RECIPIENTS INCLUDING MYSELF
One has to wonder why the National Bank of Pakistan the only government
owned commercial bank is the only commercial bank that will fund projects
like the RPP's that are owned by Iqbal Z. Ahmed and Anwar Majeed. Or extend
loans to companies that give Mir Raza son of Ali Raza allocations of LPG
without him having a LPG marketing company at the time the allocation was
originally given, though with the money that was made from the allocation
for several years they used to set up the marketing company/bottling plant.
It is not secret that all projects that Mr. Zardari's front men wanted
funded are being done so by Mr. Syed Ali Raza President of National Bank of
Pakistan (he enjoys the protocol of a Chief Minister while moving from one
place to the other and also extended to his son, daughter n daughter in
law) who's brother Mr. Syed Salim Raza an ex-Citibank Private bank employee
who was implicated in the US Senate money laundering report to have opened
Swiss bank accounts for the President in violation of Citibank's own
policies and is currently the Governor of the State Bank of Pakistan!
Is this a quid pro quo pay off by the President for Salim to keep his mouth
shut about the accounts details of which he clearly knows about having been
in charge of EMEA accounts under which Pakistan feel during his tenure with
Citi. His younger brother Ali who right after the elections went to meet
President Zardari by asking Mr. Anwer Majeed to arrange the meeting was told
by the President in that very meeting to do any and everything that Anwer
wanted," as he was his mentor". Low and behold right after that Ali Raza
funded all Anwer Majeed's favorite projects and is ordered what to do by
his older son AG Majeed.
It would be interesting to note Anwer has gained the reputation of being the
most powerful man in Pakistan and is known to get whatever he wants done by
all Government Ministries/Institutions. He has had 2 of his son's
father-in-laws appointed to high posts. Mr. Shaukat Tarin got be Finance
Minister and Mr. Farooq Rahimatulla Chairman of an oil company!
Majeed and Zardari decided that they wanted to also expand their joint
business empire and Ali Raza even went to extent of cancelling the loans for
Dewan Groups sugar and cement mills to enable the Anwar Zardari team to buy
these assets at throw away prices, something that they are still trying to
do. Anwer has also managed to have the ECC (the chairman of which is his
son's father in law i.e. Shaukat Tarin) ban the export of molasses to enable
the famous E-10 policy of blending ethanol into petrol be implemented into
Pakistan. The blending of ethanol with petrol was tried by the previous
Government and failed as it was not feasible but with the Zardari government
in power and he himself owning so many sugar mills there was a sudden
U-turn. It would be interesting to note that PSO is being used to implement
this project as mode of delivery and the only sugar mill/distillery that bid
for the supply of the ethanol to be used for blending with petrol for the
project is Naudero and belongs to the Majeed/Zardari team! Rumor has is all
other mills were told to stay away from the bidding for supply of ethanol if
they knew what was good for them.
The RPP funding especially of Iqbal Z. Ahmed's/Anwer Majeed partnership
projects which were ramroded through and for which even the rental power
policy were changed are all miraculously being funded by guess who? Yes it
is once again Mr. Syed Ali Raza and National Bank of Pakistan to the rescue.
Why must one ask? Is it that another extension to him is on the cards? Is 10
years not enough as NBP President? Meetings that are held for these projects
at NBP are attended by AG Majeed and Iqbal Z Ahmed though Anwer Majeed is
not a partner on paper for these projects. These projects were so unfeasible
that Mr. Masood Karim someone who was known to be Ali Raza's lap dog when
asked to jump would say how high even resigned from the bank as his
department corporate banking was being forced by Ali to fund these projects!
One can only wonder how dangerous funding of these projects will be for the
NBP an institution. Ali Reza is the only head of a Government Institution/
Bank who has got such high salary and bonuses that no Govt functionary could
ever dream of.
How could this be allowed. Supreme court also took suo moto notice but it
was thrown on the back burner. He started receiving bonus for last 4 years
but when informed the National Assembly it was shown as received over ten
years .He has a dozen security guards at home besides police guards and
mobiles and owns bullet proof BMW 7 series air lifted and gifted by Yusuf
Dewan, Mercedes top of the line, Toyota, BMW Range Rover SUV's, Toyota
Camry, Corollas parked outside his house and most of them rusting. Which
Governor Chief Minister or federal Minister can match Ali Reza in perks ,
privilege and protocol.
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