PM IK: Karkey dispute resolved with help of President Erdogan

[The Eagle]

I posted old video of Rauf Kalaasra who surfaced this story first and later govt took it.

High powered committee was announced in 2018. Furthermore, this settlement doesn't looks like mere penalty waiver.

 

[HAIDER]

High powered committee was announced in 2018. Furthermore, this settlement doesn't looks like mere penalty waiver.

Rauf and Mateen did detail program about this case with documents. If I found , I will post it. I think it mere " mitti paoo " case now.
some outline he provided but not in detail
https://www.pakshows.pk/current-aff...g-pakistan-for-1-2-fine-settlementrauf-klasra

 

[Windjammer]

Federal Govt, with the help of President Erdogan, has amicably resolved the Karkey dispute and saved Pak USD 1.2 billion penalty imposed by ICSID

 

[Type59]

Problem is that pak people think cases are easy to win. We lost two cases TCC and this one. Instead of thinking emotionally, we should try to find a solution that satisfy both parties.

The mentality of some Pakistanis is damaging Pakistan. For example they wanted TCC to invest and make a very small profit. If we honoured agreement, Reko diq could be active now, making billions in taxes, exports etc. At moment our industry has to import copper from other nations at market prices. I remember debating this issue with other Pakistanis on PDF, around 10 years ago.

 

[dBSPL]

Erodgan cannot hide his corruption for too long in Turkey.

What corruption?

 

[Dil Pakistan]

Federal Govt, with the help of President Erdogan, has amicably resolved the Karkey dispute and saved Pak USD 1.2 billion penalty imposed by ICSID

@Tameem

 

[dBSPL]

Ask his son.

If that's answer, I would like to listen some evidence and see legal documents from my Pakistani friends.

 

[TNT]

With respect to our Turkish brothers, erdogan or anyone else didnt stop their company sue Pakistan in international court and than win by lies. Now when Pakistan got proofs of their bribing, the president comes in to save them from a far bigger counter sue. It sounds unfair and they should compensate Pakistan.

 

[That Guy]

Ask his son.

That's not Pakistan's problem.

 

[dBSPL]

The fact that a Turkish company wanted to participate in Pakistan's internal struggle by someone is the situation I know. However, Pakistan's accusation of the Turkish prime minister with corruption is a new situation. I want to know the general belief and reasons in this matter.

I remember that KARKAY's announcments in 2013: As a result of 6 months of investigations of Pakistan's National Financial Responsibility Bureau, KARKEY has no misconduct and that the ships will leave Pakistan safely and there will be no demand of Pakistan authorities. And related document was given in October 2012 to company. The company also announced that KARKEY was the only company that was acquitted among the 19 projects as a result of the investigations. A little more detailed description here: http://www.gemipersoneli.com/haberl...ildi--'karadeniz-holding'-iddialari-yalanladi

However, the ships were confiscated and the legal struggle continued until today. Could this inconsistency be caused by a conflict between Pakistan's domestic legal channels at the same time?

The main reason I want to know why you claim that Erdogan stole Pakistan's money is because I am interested in the methods of these sources. Personally, for many years, I have been studying about the working methods of some specific global and regional groups. Thank you for your understandings.

 

[ANMDT]

For all the details check out the reports from case, latest hearings.

https://www.italaw.com/sites/default/files/case-documents/italaw10463.pdf

Summary of all :
-Karkey goes to Pakistan and awarded with a contract,
-It has been found out that some Pakistani officials were corrupted,thus all contracts are withdrawn,
-NAB investigates every contractor, karkey has been found to be clean, been paid 12m USD and allowed to leave.
-Supreme court has subjected, requested from NAB for retrieving the 120m payment from Karkey
-Karkey has been given a "no objection certificate" which clears themselves,
-Supreme court arrests some Pakistani officials,takes action against karkey and detains the ship
-Karkey applies to corresponding court (the ones which earlier stated in contract, to be applied in case of conflict) under, and ICSID to look for an international solution for the case
-Karkey is awarded with 860m USD for losses due to contract, and of holding the ships.
-Pakistan rejects by implying that Karkey has been involved in corruption and bribing, requesting back up tapes to be searched
-Karkey replies that the data requeusted by Pakistan is not accesible and its a burden
-Pakistan refers to a lebanese who has access to a document with deleted names and dates,
-Court says its unusual to refer someone who has doubtly has access and unverifiable documents with nonames and dates
-Pakistan requests lawyers,defending karkey, to check out back up tapes held by them(lawyers denies to possess those)
-Court partially accepts that, lawyers should be answering questions raised by Pakistan,yet Pakistan should clearly and narrowly adress which documents and things they desire to be discovered from either back up tapes and from lawyers.

 

[dBSPL]

For all the details check out the reports from case, latest hearings.

https://www.italaw.com/sites/default/files/case-documents/italaw10463.pdf

Summary of all :
-Karkey goes to Pakistan and awarded with a contract,
-It has been found out that some Pakistani officials were corrupted,thus all contracts are withdrawn,
-NAB investigates every contractor, karkey has been found to be clean, been paid 12m USD and allowed to leave.
-Supreme court has subjected, requested from NAB for retrieving the 120m payment from Karkey
-Karkey has been given a "no objection certificate" which clears themselves,
-Supreme court arrests some Pakistani officials,takes action against karkey and detains the ship
-Karkey applies to corresponding court (the ones which earlier stated in contract, to be applied in case of conflict) under, and ICSID to look for an international solution for the case
-Karkey is awarded with 860m USD for losses due to contract, and of holding the ships.
-Pakistan rejects by implying that Karkey has been involved in corruption and bribing, requesting back up tapes to be searched
-Karkey replies that the data requeusted by Pakistan is not accesible and its a burden
-Pakistan refers to a lebanese who has access to a document with deleted names and dates,
-Court says its unusual to refer someone who has doubtly has access and unverifiable documents with nonames and dates
-Pakistan requests lawyers,defending karkey, to check out back up tapes held by them(lawyers denies to possess those)
-Court partially accepts that, lawyers should be answering questions raised by Pakistan,yet Pakistan should clearly and narrowly adress which documents and things they desire to be discovered from either back up tapes and from lawyers.

http://www.hurriyet.com.tr/ekonomi/dostluk-kotu-bitti-21927991

http://www.hurriyet.com.tr/ekonomi/...n-pakistana-karsi-haciz-yoluna-gitti-40881326

The company also mentions that the counterparty has not fulfilled its supply obligations in its energy production contract. Someone stole big money and used these companies as victims.

 

[VCheng]

Damn! This is big. Erdoğan/Turkey cancelled $1.2 billion dues! Call it a subsidy by Turkey or whatever, how does Pakistan get away without paying so many time? We need to learn this trick.

Nothing can be concluded without knowing the terms of this settlement.

 

[ANMDT]

http://www.hurriyet.com.tr/ekonomi/dostluk-kotu-bitti-21927991

http://www.hurriyet.com.tr/ekonomi/...n-pakistana-karsi-haciz-yoluna-gitti-40881326

The company also mentions that the counterparty has not fulfilled its supply obligations in its energy production contract. Someone stole big money and used these companies as victims.

It wasn't addressed in legal papers (as of i know). Claims were shaped around that, Supreme court has requested 120m USD since Karkey hasnt fulfilled* requirements of contract. and Detained ships, frozen bank accounts and initiated financial investigation on branch of karkey in pakistan.
*Karkey wasnt able to fulfill the contract, since all contracts were cancelled due to doubts of corruption and re-evaluated. NAB has said karkey has nothing to do with the case,and allowed them to withdraw,Supreme court insisted on that Karkey was involved in corruption and bribery thus responsible for the loss on Pakistan's side and requested 120m USD.
Those disputes have been resolved in favor of Karkey.
What has been mentioned in Turkish media, so far for my understanding that, the media has misinterpreted the "energy " term. Karkey's ships didnt have enough to supply required energy (kWh), there wasnt any issues about fuel ( or it is true that karkey has used its own fuel supply thus overcharged the rates according to contract) or capacity of the ships.
As i understand, there were multiple contracts and the one which is related to ICSID differs than the one cancelled by Karkey due to fuel supply and price per rate issues.

 

[-blitzkrieg-]

Pakistan requests lawyers,defending karkey, to check out back up tapes held by them(lawyers denies to possess those)

We have those backup tapes..
and Karkey knew it..They cowed and approached our politicians for a face saving as having that evidence presented at courts could have potentially got Karkey blacklisted as well as lose business.
Thats when communication happened at highest levels(Imran and Erdogan) and it was decided that the case would end here..
BTW Erdogan and his family has nothing do with this , please ignore the troll above.
The KArkey officials and our politicians(Raja Pervez Ashraf) were the prime suspects.