In the verdict, judge Bashir had declared that 'The trust deeds
produced by the accused Maryam Nawaz were also found bogus...
In the verdict, the judge declared that 'the trust deeds
produced by the accused Maryam Nawaz were also found bogus...in view of role of this accused Mst Maryam Nawaz, she is convicted and sentenced to rigorous imprisonment for seven years with fine of two million pounds'.
Arguing on the 'fake' trust deeds
, Pervaiz said that Maryam has claimed that the trust deed
was original but the JIT termed it bogus on the basis of a report of a forensic expert, Robert Radley.
The order stated that the trust deeds
produced by the accused Maryam Nawaz were found bogus.
She informed the court that she was holding the offshore companies through a trust deed
, and had produced 'notarised' copies of the trust deeds
before the JIT, formed to probe the Panama Papers leak.
Freeman also attested the Komber Group and Neilson and Nescoll trust deeds
, he added.
However, total personal insolvencies, which include both bankruptcies and protected trust deeds
(PTDs), rose slightly by 4.7 per cent, driven by an increase in PTDs.
Jerry Freemen confirmed that Hassan Nawaz had signed two trust deeds
on January 2, 2006.
Islamabad: Prosecution witness and Panamagate joint investigation team (JIT) head Wajid Zia on Tuesday told the accountability court during a hearing on the Avenfield Flats reference that the trust deeds
submitted by Maryam Nawaz and her brothers Hassan and Hussain during the probe were forged.
Ignite Funding is a "turn-key" real estate investment solution matching qualified borrowers with sophisticated investors seeking capital preservation, transparency, diversification, and consistent monthly income through collateralized first trust deeds
SPCU chief executive George Nedley, an ex-chief superintendent, said one of the problems facing the credit union was the number of officers entering into trust deeds
. These allow individuals to write off up to 90 per cent of their debt and avoid bankruptcy.