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ECP finds PTI guilty of accepting prohibited funds

Opssss Jeo ye kya... esp Raday Mohan Muneeb Farooq.... Senator Barrister Ali Zafar "IK kay opar kuch nahe banta case.. 62/63 ki baat karna fazool hey Fawad Chaudry nay theek kaha hey jo party ki financial team likh kar deti hey agay party chairman signature kardeta hey ye Affidavit nahe hey"
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phir zalalat
 
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Slap from Jeo Anchor "Ahsan Iqbal sahab aap itne batain kar rahay hain Arif Naqvi aur Osama Bin Ladin say tu aap ki party ko bhi fund diye gaye hain" Ahsan Iqbal "tunnnnnnnnnnn aap kay matloba no say jawab masool nahe horaha" :lol:
 
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Another strike on PTI. Unable to provide 13 account information. Show cause notice issue to PTI by ECP.

The foreign funding allegation is dropped.

The example of foreign funding, JUIF received funds directly from Gaddafi/Libyan govt.


The Election Commission of Pakistan (ECP) on Tuesday ruled that PTI did indeed receive prohibited funding and issued a show-cause notice to the party.

The commission announced the verdict in a case filed by PTI founding member Akbar S. Babar which had been pending since November 14, 2014. The verdict, which was reserved on June 21, was expected at 10am but was delayed by almost half-an-hour.

On Tuesday, the three-member ECP bench comprising Chief Election Commissioner Sikander Sultan Raja also ruled that the party received funds from business tycoon Arif Naqvi and from 34 foreign nationals. It said that the party had taken ownership of eight accounts and kept 13 hidden.

The ECP decided to issue a show-cause notice to the PTI to explain why the commission should not seize the funds it received. The commission also said that PTI chief Imran Khan had submitted a “misdeclaration” with the commission.

The security in Islamabad’s ‘red zone’ was put on high alert ahead of the ECP’s verdict. It has been decided to deploy 1,000 police personnel in the area, and the anti-riot force will also remain in the red zone. Unrelated persons will not be able to enter the Red zone.

As time for the verdict drew closer, footage broadcast on television showed Islamabad police with riot shields standing outside the building as staffers can be seen unrolling spools of concertina wire.
It's a wrong decision according to PTI and they will challenge the ruling in courts.
PDM narrative of Foreign Funding case laid to rest.
PS: change the thread heading please to Prohibited funding case. Thanks
 
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ECP verdict is for PDM spin doctors only and Patwari consumption .. nothing legally can be done against IK.
 
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Now the funding investigation is complete with PTI, when is ECP going to announce verdict of PDM investigation??
 
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Show cause notice issued to PTI. Moving toward ban on PTI.
No ECP can't ban PTI. For this case they can impose a fine equivalent to the funds in questions. PTI can still contest that ECP didn't follow SC verdict that case should proceed once other parties submit their accounts which they haven't. If this proceeds it will open a Pandora's box for PML(N) and PPP so they will make noise in media but in reality they would want to drag it for as long as possible. According to Hamid Mir who is pretty anti PTI there are total 6 political parties that would suffer badly if SC accounts submission instruction followed by others and investigated by ECP.

If ECP had said PTI was foreign gov funded it could have sent recommendation to SC for PTI ban, which is not happening now.
 
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IF PTI and IK has a good lawyer/Barrister, refutal of these charges/allegations is piece of cake.

This is from a document of ICAEW on responsibilities of a director in regards to financial statements.

"4. DIRECTORS PREPARE FINANCIAL STATEMENTS; AUDIT COMMITTEES MONITOR THE INTEGRITY OF FINANCIAL STATEMENTS ‘True and fair’ financial statements are not the same as ‘correct’ or ‘accurate’ financial statements, because many figures in the financial statements are estimates. Many estimates are complex, but the vast majority of financial statements, including those of smaller companies, contain numerous simple estimates relating to stock and depreciation, for example. Directors must estimate the value of stock that will need to be written off and the useful lives of fixed assets in order to calculate depreciation. Company law, EU-adopted IFRS and the continuing obligations of listing govern the content of the financial statements of a listed company and some of the ‘other’ information listed companies include at the ‘front end’ of their annual reports. Financial statements include primary statements such as a profit and loss account, balance sheet and cash flow statement, as well as related notes."
 
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