History of Mian Muhammad Nawaz Sharif So Called Poltical Leader of Pakistan
History of Mian Muhammad Nawaz Sharif So Called Poltical Leader of Pakistan
History of Mian Muhammad Nawaz Sharif So Called Poltical Leader of Pakistan
In 1995 when Mirza Iqbal Beg was imprisoned, Sohail Zia Butt took over his drug empire. It is at this time that
he became one of the biggest drug and crime bosses in Pakistan and was nicknamed the King of Hera Mandi
and at one time all six underworld gangs of Lahore were working under him.
was earning a net profit of US$ 3 million, up from a few million rupees. By
the end of the decade their net assets were worth more than 6 billion
rupees, according to their own admission, nearly US$ 350 million at the
time. But this turned out to be small-change when Nawaz Sharif became
the Prime Minister.
When Nawaz Sharif became prime minister, the group took a decision to
secure project loans from the foreign banks and only working capital were
taken from the nationalized commercial banks. The project financing from
foreign banks was ostensibly secured against the foreign currency
deposits, a number of which were held in benamee accounts, as
repeatedly claimed by Interior Minister Naseer Ullah Babar at his press
conferences. In 1992 Salman Taseer released an account of Nawaz Sharifs
corruption stating that the family had taken loans of up to 12 billion
rupees, which were never paid back. On March 2, 1994, Khalid Siraj, a
cousin of Nawaz Sharif claimed that the assets of the seven brothers were
valued at Rs 21 billion.
These were the accounts of profits and companies which were openly
known to public. However, the family kept their side business going all the
while the gambling dens and heroin control in Lahore and along with
their industry the side business also mushroomed.
During the Afghan-Soviet War Nawaz Sharifs cousin Sohail Zia Butt started
working under the drug baron Mirza Iqbal Beg, then Pakistans second
biggest drug lord after Ayub Afridi. Mian Muhammad Sharif and his sons
had a permanent share in his gambling and heroin business. In 1990
Suhail Butt won a seat on the Islami Jamhoori Ittehad ticket in the Punjab
Assembly. It was through Sohail Butts association that Nawaz Sharif
became a close associate of Mirza Iqbal Beg. It was through him that
Nawaz Sharif became benami owner of many of the privatized
government entities, such as Muslim Commercial Bank. Sohail Zia Butt
other than getting involved in the drug business made billions in the cooperative societies collapse, mainly through the National Industrial Credit
and Finance Corporation. It was Nawaz Sharifs share in his cousins drug
business which he used to buy off the generals thereby delaying the
inevitable dismissal of his government.
In 1995 when Mirza Iqbal Beg was imprisoned, Sohail Zia Butt took over
his drug empire. It is at this time that he became one of the biggest drug
and crime bosses in Pakistan and was nicknamed the King of Hera
Mandi and at one time all six underworld gangs of Lahore were working
under him.
By 1995 familys declared annual profits from industrial units had
increased 1500% from US$ 30 million to staggering US$ 400 million.
This is the short version of how in mere 15 years small street thugs
running gambling dens became leaders of a country running narcotics,
underworld and smuggling empires, untouched by everyone.
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