MEDIA STRATEGY FOR GIBRAN KHAN FIR

DETAILED BRIEF FOR MEDIA ON CASE

• Panama Paper Leaked company General Mediterranean Holding S.A has been found investing in Chaudary family-owned company i.e. Agro Tractor Ltd. It is interesting to note that the said company is registered at the same address as that of its shareholders, a typical method used in Money Laundering cases to name of real beneficiaries.
• This sham structure was highlighted by the Panama Papers in which it was revealed that the General Mediterranean is registered in Luxemburg and has four shareholder companies all registered at the same address. Details are as under:-

• Similarly, in 2012, General Mediterranean Holdings S.A transferred 214,969 shares (6% shares) of Agro Tractors to Buzzard Inc (Panama Leak Company)
• This is a solid case in which Moonis Elahi, Pervez Elahi and Gibran Khan laundered corruption proceeds during their government and used Shell Companies registered at Panama to reinvest these amounts in their companies in Pakistan. This was carried out to whiten their ill-gotten funds into Pakistan.
• Further, FIA has obtained information on Agro Tractor Ltd, which was formed to manufacture tractors in Pakistan in Joint Venture with John Deree (US). This agreement was signed in 2004, however, could not finalize and according to John Deree statement to FIA the said agreement was terminated on 17 January 2012. Despite the cancellation of agreement Gibran Khan has been depositing ill-gotten money into the accounts of Agro Tractor from 2011 to 2016. Details are as under:-