The report prompted Finance Minister Ishaq Dar to take note on Monday of the “illegal and baseless” leak of tax records of General Bajwa’s relatives. He directed Tariq Mehmood PashaPrime Minister Shehbaz Sharif’s Special Assistant on Revenue, to personally lead an immediate investigation into the violation of tax laws, violation of Federal Board of Revenue (FBR) records, confirm responsibility, and file a report within 24 hours to serve.
Citing annual tax returns and asset declarations of General Bajwa’s family from 2013 to 2021, the report alleged that his wife Ayesha Amjad did not file any taxes when he became lieutenant general, while Sabir “Mithu” Hameed, his best friend and father-in-law law of his eldest son, was an average businessman. “Everything changed for both families when they moved on and became one family.”
Within six years, according to the report, both families became billionaires, started an international business, bought multiple foreign properties, started transferring capital abroad, owned commercial plazas, commercial plots, huge farms in Islamabad and Karachi, an immense real estate portfolio. in Lahore, and so on.
“The current market value of the “known” assets and companies inside and outside Pakistan that the Bajwa family has accumulated over the past six years is more than Rs 12.7 billion,” the report said.
According to the tax records, his wife’s wealth went from zero in 2016 to Rs 2.2 billion (declared and known) in six years. It stated that the amount did not include residential plots, commercial plots and houses given by the military to her husband as Chief of the Army Staff.
It alleged that the total value of the declared assets of General Bajwa’s daughter-in-law, Mahnor Sabirwas zero in the last week of October 2018. It jumped to over Rs 1.271 million just a week before her marriage on 2 November 2018.
although Mahnoor Sabir declared these properties to the tax authorities in 2018, the filing stated afterwards that these properties were acquired in 2014, 2015 and 2016 tax years. .
These annual returns were submitted together with the returns for the 2017 tax year on September 14, 2018 and October 23, 2018. Later, the returns for the year 2018 were also filed on December 17, 2018.
Mahnoor also became “the manager” of an oil company, Taxx Petroleum Pakistan, in November 2019. Taxx Petroleum, currently registered as an overseas company in Pakistan with headquarters in Dubai, was first registered in Pakistan on November 14, 2018 and later registered in UAE on January 16, 2019.
Company incorporation documents from Pakistan show Sabir “Mithu” Hameed, Mahnoor’s father, and his brother Nasir Hameed as directors. However, Taxx Petroleum, which started operations across Pakistan within days of its establishment, is headed by Mahnoor from its official headquarters in Dubai. Mahnoor’s LinkedIn profile lists her as a senior manager at Taxx Petroleum.
The wealth of Mahnoor’s other three sisters, including a minor, and mother also grew from zero in 2016 to “billions” in subsequent years.
In addition, the tax returns of Sabir Hameed – father-in-law of General Bajwa’s son, Saad Siddique Bajwa – amounted to less than a million in 2013. But “over the next few years, he became a billionaire,” according to the website.
According to the publication, it was unable to obtain data on assets in the name of General Bajwa’s two sons. FactsFocus claimed that after the story was published, traffic on his site was “disturbed”, while also claiming that the website was “banned”.
The website had also published extensive stories about the “misappropriation of funds” by a number of politicians and other powerful sectors in Pakistan, including PTI chairman Imran Khan and former dictator General Pervez Musharraf.
In 2020, the publication had released a report on the alleged offshore properties and businesses of the former chairman of the China-Pakistan Economic Corridor Authority, Lieutenant General, retiree Asim Saleem Bajwa and his family.