Mastering the Art of Stealth Wealth: Exploring the Global Real Estate Holdings of a Pakistan Army General

Usman Manzoor

An investigative journalist

New York City government record proves Gen Shafaat purchased a luxurious apartment in downtown Manhattan by paying USD 1.4 million in 2012

Pakistani records indicate that General Shaffat continued to conceal his Manhattan property from Pakistani tax authorities as long as he retained sole ownership of the property.

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Musharraf’s former military secretary, Gen Shafaat, conceded to Fact Focus that the London property belonging to Indian businessman Akbar Asif was transferred to his wife’s name in 2007 while he held the position of corps commander in Lahore. He admitted that he paid only half of the property’s value for this transfer.

Gen Shafaat provides no evidence of having paid even half of the value of the London property.

General Shafaat’s family only officially declared the London property (while understating its actual value) in 2017, following the revelation that the offshore company owning the London apartment had been named in the Panama Papers in 2016.

General Shafaat declared his Dubai apartment following the Dubai Leaks, but he continued to conceal his luxurious apartment in Manhattan.

When declaring his Dubai apartment, General Shafaat referred to a position in the IT infrastructure company Texpo, from which he received substantial salaries without actual employment.

The management of global real estate holdings and international investments by Pakistan army generals underscores the use of innovative methods that may raise concerns about potential money laundering.

Usman Manzoor

ISLAMABAD: One of Pakistan’s top generals, a key associate of the former dictator General Pervez Musharraf, has acquired luxurious properties in Manhattan, London, and Dubai with no apparent sources of income, and maintained secrecy about these holdings from Pakistani tax authorities over an extended period.

Army general acquired one property while he was a corps commander in Lahore and the other two during the first two and a half years of his retirement. The General issued false statements to the press and public. The General also cheated the tax authorities by concealing and reporting false values of properties and sources of income for these purchases.

General Shafaat Ullah Shah served as a military secretary to General Musharraf, as corps commander in Lahore, and as chief of logistics staff at the general headquarters in Rawalpindi. Earlier Fact Focus has also reported on the worldwide assets and properties held by General Asim Saleem Bajwa, the deputy military secretary to General Musharraf.

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In 2007, while serving as a corps commander in Lahore, Gen Shafaat acquired a London apartment through an offshore company, registered in his wife Fariha Shah’s name, from an Indian citizen named Akbar Asif. According to his tax records, in his tax returns for the year 2007, he declared his total annual income of Rs804,961 income (Rs67,080 per month) and paid Rs73,785 tax. In 2008, he declared an annual income of Rs858,378, with Rs60,000 given in charitable donations leaving taxable income at Rs790,378 and ultimately he paid Rs59,278 as taxes. He maintained secrecy about this property for a decade, concealing it from Pakistani tax authorities until 2017 when the offshore company, Talah Limited, was named in the Panama Papers. Subsequently, when the ownership of his London property was disclosed in early 2021 as part of the Pandora Papers, he put forth six claims to rationalize the acquisition of the apartment. Fact Focus investigations into these assertions, supported by official documents from three governments, have revealed that all of these claims are misleading and false.

In 2011, General Shafaat acquired an apartment in the UAE using a single year’s salary drawn from Texpo, a Dubai-based IT infrastructure company. He maintained secrecy about this property from Pakistani tax authorities for six years. His tax records in Pakistan show that in the year 2011, he declared an annual income of Rs600,000 income (Rs50,000 per month) and he paid Rs50,622 as his annual tax. In one of his annual statements, General Shafaat declared Rs14 million as rental income from his UAE apartment. Additionally, he concealed his employment with Texpo UAE, which also had an office in Pakistan, for an extended duration, only disclosing it in 2017 when he was required to declare and account for his UAE properties.

In 2012, General Shafaat acquired a luxurious apartment in downtown Manhattan for a sum of USD 1.4 million. According to tax records in Pakistan, in the year 2012, Gen Shafaat declared an annual income of Rs720,000 income (Rs60,000 per month) and he paid Rs48,500 tax. He retained sole ownership of this property until December 2021, at which point he extended ownership to include his wife and son. General Shafaat did not disclose his Manhattan property even when declaring his London and UAE properties in 2017. It remained undisclosed to Pakistani authorities until he held sole ownership of the property.

The Manhattan property

Fact Focus investigations, based on the official records of the New York City government, unveil that an individual bearing the name ‘Shafaat Shah’ acquired a high-end condominium in downtown Manhattan, making a payment of USD 1.4 million on April 13, 2012. Notably, the signatures of ‘Shafaat Shah’ on the property documents for this Manhattan condo matched the signatures of Lt Gen Shafaat Ullah Shah in the official records of the government of Pakistan.

General Shafaat waited for twenty-eight months following his retirement before acquiring the Manhattan property in April 2012. Just a few months prior to this purchase, he also acquired another apartment in Dubai, UAE in 2011.

Front Page of 2012 Deed of Manhattan apartment of Gen Shafaat

Page 8 of the Deed shows the value of the property

Links to download complete official Documents

2012 Deed

2012 Power of Attorney

2021 Transfer to wife and his son

[Any reader can verify these records from the official government website by clicking on the following link and then clicking on these tabs on web pages: “Begin By Using ARCIS” → “Search Property Records” → “Parcel Identifier” and then by putting block and lot numbers as shown in documents. The borough’s name is “Manhattan”. Readers can verify the historical ownership of the property by changing the date ranges in the relevant column.]

Additional inquiries conducted by Fact Focus into General Shafaat’s records and transactions in Pakistan revealed that the general never remitted or transferred such a substantial sum to the USA. Furthermore, even his tax records for the relevant year do not corroborate this amount and transaction.

New York City government records indicate that he retained ownership of this property until December 2021 when he executed a transfer, including himself, his wife, and his son as owners. An extensive analysis of his tax records reveals that General Shafaat did not report this Manhattan property to Pakistani tax authorities during the period when he was the sole owner of the apartment. The annual property taxes, amounting to millions of rupees, were being paid in the U.S. from undisclosed sources and were not documented in his Pakistani tax statements.

Images of relevant parts of the wealth statement of Gen Shafaat for the years 2014 and 2016 show that the Manhattan property is not declared to tax authorities in Pakistan.

Documents also indicate that the annual taxes paid by General Shafaat in the U.S. for this sole Manhattan property over the years surpassed the total annual taxes he was remitting in Pakistan.

The UAE wealth of the army general

After the Panama Papers revelations, not only did General Shafaat’s wife and son declare the London apartment, but both General Shafaat and his son also declared apartments in Dubai. They provided two different addresses and indicated joint ownership. However, it raises a question: Are these two separate apartments? General Shafaat responded to Fact Focus that he and his son jointly own only one apartment in Dubai.

Image from Gen Shafaat’s tax for the year 2017 (following Dubai Leaks) returns showing his declaration of an apartment in Dubai and a job with Texpo, UAE

Images from Raza’s tax statements in 2016 and 2017. Subsequent to the disclosure of the Panama Papers and Dubai Leaks in 2016-17, his wealth statement for the year 2017 underwent a sudden transformation.

While declaring the UAE property on his tax returns for the year 2017, General Shafaat claimed that he purchased the property using the money he earned from his role as a member of the Board of Texpo, UAE. However, he did not specify the year of purchase. The apartment’s address, as indicated in his 2017 declaration, was “Flat # 202 J5, Dubai,” and it was originally acquired for AED 1.618 million (USD 440,905 in 2011). According to the tax papers, the property is jointly owned by General Shafaat and his son, Raza Ullah Shah. General Shafaat informed Fact Focus that he bought the apartment in Dubai in 2011.

In the same year, 2017, his son Raza declared a ½ share in a different apartment located at “Flat # 74/0, 2nd Floor, J5, Al Safouh, First Dubai.” However, the declaration did not specify the purchase value or the year of purchase. Raza did mention that this apartment was a gift from his father. It’s worth noting that Raza is the only son of General Shafaat.

Gen Shafaat also mentioned that his remuneration as a member of Texpo was never remitted to Pakistan.

Four years after declaring the UAE apartments, Gen Shafaat also disclosed a bank account in the UAE, showing that he had Rs14.45 million (equivalent to USD 100,000 in 2020-21) received as rent from his apartment. His son, Raza, also reported that money was received into his father’s foreign bank account as rent for his apartment in the UAE.

Image of a tax return for General Shafaat, displaying his income from the rental of his Dubai apartment.

Role of Gen Shafaat in Texpo UAE

Texpo is an IT infrastructure company with offices in the UAE, the USA, and Pakistan. However, there is no indication in Gen Shafaat’s profile that he possesses expertise in the field of Information Technology or Computer Software.

In his interview with Fact Focus, he mentioned that he began working at Texpo immediately after his retirement as a lieutenant general in November 2009. When questioned about his work and responsibilities at Texpo, Gen Shafaat admitted that he rarely visited the Texpo office in the UAE and resided at his Lahore home throughout his association with the company. He also confessed to lacking expertise in information technology.

When asked how he was appointed to the Texpo board without IT-related qualifications and what his responsibilities were, Gen Shafaat admitted his lack of IT background. He emphasized that he lived at his home in Lahore and seldom visited Texpo’s UAE office. He suggested directing such inquiries to the company itself regarding the criteria for his selection. Furthermore, he mentioned another army officer without an IT background who was also hired by Texpo. Gen Shafaat claimed that he purchased the Dubai apartment by investing his salaries from just one year (2010-11) received from this company.

Efforts were made to contact Mr. Sarfaraz Alam, CEO of Texpo, by Fact Focus, but no responses were received. Queries regarding the duration of Gen Shafaat’s tenure on the Texpo board, details of his remunerations, and the qualifications that qualified him for the position remain unanswered.

Sarfaraz Ashfaque Alam, CEO of HashMove, Texpo

The London Apartment

Fact Focus has established that the army general acquired this luxurious London apartment in his wife’s name from an Indian citizen for a nominal sum. We present documents demonstrating that Indian businessman Akbar Asif initially purchased this London apartment under the name of an offshore company, Talah Limited, for more than USD 1.2 million (GBP 675,000). After a few months, ownership of this offshore company was transferred to the wife of Pakistan Army’s Lahore corps commander, Gen Shafaat, who was residing in the well-known ‘Jinnah House’ of Lahore at the time. Notably, Fariha Shah, in her 2007 tax statements, did not disclose this purchase, and there is no evidence of any payment to the Indian citizen by Gen Shafaat or his wife.

An image from the UK Land Registry Sale Deed Document of 2006 when Indian Businessman Akbar Asif purchased this property in the name of offshore company Talah Limited for GBP 676,250 (more than USD 1.2 million in 2006)

[Download complete Deed – UK Land Registry Document of London Apartment 2006]

According to documents the Indian national directors of Talah Limited resigned and Fariha was appointed as the director of the company for the purpose of the change of ownership of the company. The document reads: “Appointment of Directors: It was resolved that the following persons be appointed as Directors of the above company.

Name: Mrs. Fariha Shah, Passport Number: AA5****3*, Nationality: Pakistani

Resignation of Directors: It was resolved to accept the resignation of Mr. Mannan Adenwalla & Mr. Ravindra Vasant Rao Chitnis with immediate effect.

Closure: There being no further business, the Chairman closed the meeting.”

However, in their 2017 tax returns, Gen Shafaat’s wife and son declared that they paid USD 620,000 (GBP 310,000) for the apartment’s purchase. This amount is half of the price at which the Indian citizen had acquired the apartment just a few months earlier. It has already been established that this Indian businessman received a favor from General Musharraf during Gen Shafaat’s tenure as military secretary.

Images from the 2016 and 2017 tax returns of Fariha Shah. It reveals that she only declared the London apartment she acquired in 2007 in 2017, following the exposure of her offshore company, Talah Limited, in the Panama Papers. Combined with her son Raza’s 2017 return (image shown above in this article), this corroborates that the Shafaat family paid (if they paid at all) considerably less than half of the London apartment’s price to Indian businessman Akbar Asif.

What made the army general declare offshore assets after a decade-long concealment

Gen Shafaat concealed his foreign assets for a decade, finally declaring them in a sequel to the Panama Leaks, which was reported by the International Consortium of Investigative Journalists (ICIJ). The Panama Papers, revealing the offshore wealth of thousands of people worldwide, including hundreds of Pakistanis, were released on April 01, 2016. While the offshore company Talah Limited was named in the Panama Papers, its ownership was not disclosed.

Shortly after the Panama Papers release, Gen Shafaat’s wife and son declared the London apartment without specifying the name of the offshore company. Gen Shafaat was appointed as Pakistan’s ambassador to Jordan in September 2015 by then-Prime Minister Nawaz Sharif. Under tax laws, he was not obligated to file annual returns in Pakistan in 2017 as he and his family were not tax residents during that period.

However, due to the outcry in the country following the Panama Papers leak, in which even the Prime Minister faced a case related to the leak, the Gen Shafaat family hastened to declare the London apartment. The date of acquiring the apartment was not mentioned in their declaration.

Adding to the Panama Leaks, five years later, the International Consortium of Investigative Journalists (ICIJ) unveiled another extensive database of offshore companies known as the Pandora Papers. These papers disclosed the precise date of purchase of the foreign property owned by the Pakistani General through an offshore company. In response to the Pandora Papers’ release in 2021, Gen Shafaat labeled it as a conspiracy by the Indian intelligence agency RAW against him.

General Shafaat is the sole Pakistan Army General whose foreign assets were highlighted in both ICIJ’s Panama Papers and Pandora Papers.

General Shafaat initiated his tax filing in Pakistan on January 15, 2002, as per Federal Bureau of Revenue (FBR) records, and consistently filed his annual tax returns each year. His wife, Fariha Shah, followed suit on April 26, 2007, and his only son, Raza Ullah Shah, on July 10, 2014, becoming tax filers themselves. All three continued to file their tax returns annually after becoming filers. However, it’s notable that none of them ever declared foreign properties or assets until the year 2017, a few months following the report on offshore companies and foreign properties of numerous Pakistanis by the International Consortium of Investigative Journalists (ICIJ) in the Panama Papers.

Images were taken from the FBR website by entering the CNIC numbers of Gen Shafaat, Fariha, and Raza. These images show when members of the Gen Shafaat family started filing annual tax returns.

Background of the London apartment

The apartment, located at Flat # 155, Discovery Dock, East 3 South Quay Square, London E149RZ, UK, was initially purchased by Gen Shafaat through an offshore company named Talah Limited, which was owned by an Indian businessman Akbar Asif in 2007. At the time of purchase, the property was registered in the name of Gen Shafaat’s wife, Fariha Shah. According to Fariha Shah’s 2017 tax filing, a decade after the 2007 purchase, she held a 50% share of the apartment, which was valued at GBP155,000 (equivalent to USD310,000 in 2007).

However, three years later, in 2010, their only son, Raza, assumed equal ownership of the apartment alongside his mother by becoming the director of the offshore company that held the property. In his 2017 declaration, Raza Ullah Shah asserted that he paid GBP155,000 for his 50% share.

Image showing dates of appointment of directors in Talah Limited. Photo Credit: ICIJ Pandora Papers

This reveals that the combined amount claimed by Gen Shafaat’s family (GBP155,000 + GBP155,000 = GBP310,000) is even less than half of the price at which Akbar Asif acquired the same apartment just a few months prior. Why the Indian businessman did this is a question worth a million dollars.

An open admission of money laundering

In his interview with Fact Focus, General Shafaat claimed that he paid the full amount of GBP310,000 to acquire the London apartment to an individual in Pakistan. This statement by General Shafaat can also be interpreted as an indirect acknowledgment of potential financial irregularities during the money transfer process to the UK.

It is noteworthy that the official records of the government of Pakistan indicate that he, along with his wife and son, departed from Pakistan on June 30, 2007, and returned on July 13, 2007. This was during his tenure as a serving army general and corps commander in Lahore.

Background of Indian citizen Akbar Asif and his meeting with Gen Musharraf

Akbar Asif is the son of famous Indian filmmaker K. Asif. Gen Shafaat admitted meeting Akbar Asif during a meeting held between General Musharraf and the former. This meeting was held on December 06, 2004, in London.

GenShafaat was present when Indian Businessman Akbar Asif presented the print of the blockbuster Indian classic movie “Mughal-e-Azam” to General Pervez Musharraf. (Picture Credit: Geo News, Pakistan website)

This meeting followed the lifting of a ban on Akbar Asif’s father’s famous blockbuster Indian Classic film Mughal-e-Azam. Subsequently, this development played a pivotal role in the overall removal of restrictions on the distribution of Indian movies in Pakistan.

Shifting responsibility on Maliha Lodhi

In his interview with Fact Focus, General Shafaat emphasized that his sole involvement in Akbar Asif’s meeting with General Musharraf was being present and being photographed when Akbar presented the print of ‘Mughal-e-Azam’ to Gen Musharraf. Shafaat clarified, ‘I was not the one who arranged this meeting.’ When questioned about how an Indian businessman’s meeting with the President of Pakistan occurred without the knowledge of his military secretary, Shafaat pointed out, ‘It was not me, but Maliha Lodhi, the then High Commissioner of Pakistan to the UK, who organized this meeting through Begum Sahiba.’ Here, he referred to Sehba Musharraf, General Musharraf’s wife, by using the title ‘Begum Sahiba’.

Dr Maleeha Lodhi’s Denial

Dr Maleeha Lodhi who was then Pakistan’s High Commissioner in London denied her office had anything to do with arranging this meeting.

Gen Shafaat’s overall reaction

While speaking with Fact Focus, General Shafaat emphasized that declaring properties immediately after their purchase is not of utmost importance. He argued, “Many people choose not to declare their assets, so what’s the issue?” General Shafaat expressed his opinion that news reports regarding Nawaz Sharif’s London apartments were valid, given his inability to provide a clear money trail. In his case, he stated that he possesses all the details regarding the funds used to purchase the apartment. However, he did not share these specifics with Fact Focus.

General Shafaat acknowledged that he acquired the UAE apartment in 2011, approximately two years after retiring as a lieutenant general in 2009. He admitted he declared this UAE flat to tax authorities in Pakistan in 2017. He asserted, “No one can question me why I didn’t declare foreign properties for so many years. When I realized the necessity to declare, I complied,” he stated.

False claims made by the army general

Fact Focus investigations reveal that in his responses to ICIJ, the media, and questions posed on his social media posts, General Shafaat made statements that contradict the information contained in Inland Revenue records and other official government records of Pakistan. Here is a compilation of six such claims, along with Fact Focus investigations into these assertions.

i- London apartment purchased for the education of son

When General Shafaat acknowledged the acquisition of a London apartment during his tenure as corps commander of the Pakistan Army in Lahore, it raised questions from many regarding the necessity of such a purchase when he held official residences and private homes in Pakistan. In response, Gen Shafaat explained that he bought the London apartment in 2007 for the purpose of his son’s education.

Image of some of the tweets of Gen Shafaat he posed after his London apartment was reported in ICIJ’s Pandora Papers. (Link to tweet.)

Official records in Pakistan indicate that he was merely 14 years old at the time the London apartment was acquired.

An image of the Passport of Raza Ullah Shah in the investigation file of the case.

Fact Focus also discovered that General Shafaat’s only son, Raza, did not pursue education in the UK. Instead, he graduated from a university in the United States. When asked about this matter, General Shafaat confirmed that his son graduated from New York University, New York.

Official records also confirm that Raza was accepted into a U.S. university some four years after the London apartment’s purchase. The records show that Raza left Pakistan for his foreign education journey on January 30, 2011, boarding Etihad Air flight EY-242 from Allama Iqbal International Airport, Lahore, using a passport with the number AA5****02. Between 2007 and 2010, Raza primarily resided in Pakistan. He had brief visits abroad, lasting 13 days in 2007, 30 days in 2008, and 16 days in 2009. In 2010, he spent two months and ten days outside Pakistan, from August 6 to October 15. Therefore, foreign education during these years is not supported by the records.

British nationality of the family

In his interview with Fact Focus, General Shafaat provided an additional justification for acquiring the London apartment, asserting that his daughter held British nationality due to her birth in the UK during a course he was undertaking there.

A copy of an old passport of Maha Shah in the record of a government department clearly shows her “place of birth” as “Lahore”. This makes things confusing. Either Maha Shah provided accurate information in her passport documents, or there is a discrepancy, possibly implying that Gen Shafaat was untruthful during his interview with Fact Focus.

An image of an old passport of Maha Shah as present in government records showing her place of birth as “Lahore”. Gen Shafaat stated that she was born in the UK during his interview with Fact Focus.

According to official records in Pakistan, Gen Shafaat’s daughter Maha Shah was born in May 1985. The Union Council birth records of Maha Shah show a name “Farhat” in the column of “Doctor/Midwife”. But, as Gen Shafaat insisted during the interview that his daughter was born in the UK, Fact Focus examined the British nationality laws and consulted with British immigration laws experts.

According to British citizenship laws, the UK does not confer citizenship automatically by birth. A child born in the UK can only be a UK citizen if one or both of their parents are UK nationals, or if they are ‘settled’ in the UK (British Nationality Act 1981). General Shafaat’s statement implies that at least one of the parents was a British national back in May 1985 when their daughter was born.

ii- Gen Shafaat’s claim of declaration of foreign properties to FBR and military authorities

General Shafaat also asserted in media statements that he had disclosed the acquisition of the London apartment to both military authorities and in his tax returns.

Nonetheless, the tax returns of General Shafaat, his wife Fariha Shah, and his son Raza Ullah Shah for the years spanning from 2007 to 2016 reveal that none of them had declared the London apartment.

General Shafaat’s statement, indicating that he declared his foreign properties to the military authorities, raises concerns regarding the protocols within the Pakistan Army and the management of records at GHQ, Rawalpindi. There is no established legal framework authorizing the Pakistan Army to maintain records of its generals’ foreign properties beyond the oversight of the Federal Board of Revenue (FBR). In a previous instance, following Fact Focus’s revelation on August 28, 2020, concerning the overseas assets of General Asim Saleem Bajwa, then chairman of the China-Pak Economic Corridor (CPEC), he also made a similar claim about disclosing his foreign investments to the military authorities. However, any such disclosures or record-keeping of foreign assets of army generals by GHQ Rawalpindi have not been publicly disclosed to date.

iii- Dramatic Declaration of the Foreign Wealth in 2017

In their 2017 tax returns, both Fariha and Raza reported the London apartment as jointly owned, with equal shares between them. Notably, the available tax records for Gen Shafaat do not indicate any gift bestowed upon his son, Raza, who was not a tax filer in 2007. Additionally, in these same 2017 tax returns, both Gen Shafaat and Raza disclosed ownership of a UAE apartment. Furthermore, Raza also listed a bank account in Jordan, indicating a balance of Rs3.969 million, which he attributed to salary earnings. The Panama Papers report in 2016 indeed brought about significant changes in the realm of financial disclosures. Here is a year-wise list of taxes paid by Gen Shafaat over the years. Everything clearly changed in 2017.

2007: Rs73,785 tax

2008: Rs59,278 tax

2009: Rs93,993 tax

2010: Rs195,432 tax

2011: Rs50,622 tax

2012: Rs48,500 tax

2013: Rs48,500 tax

2014: Rs370,059 tax

2015: Rs375,841 tax

2016: Rs180,965 tax

2017: Rs938,907 tax

2018: Rs2,291,245 tax

iv- Purchased London property by selling a DHA Lahore plot

General Shafaat also claimed that he financed the purchase of the London apartment by selling a DHA Lahore plot. This statement was initially posted on Twitter but was subsequently removed. (The image of the tweet is displayed earlier in this article.)

The tax records of General Shafaat for the years when this transaction occurred contradict this assertion.

In contrast to General Shafaat’s assertions regarding funding the London apartment’s acquisition through the sale of a DHA Lahore plot, his wife Fariha declared in her 2017 tax returns that she received a gift of GBP 155,000 from her father, who is the father-in-law of Gen Shafaat. This gift was intended for the purchase of the London apartment, which she jointly owns with her son.

Contradictions and shifts in General Shafaat’s standpoint during the interview

During his interview with Fact Focus, General Shafaat initially asserted that he personally made the full payment for the London apartment to someone in Lahore, contradicting Fariha’s claim that she received gift money from her father.

However, when confronted with the information in his wife’s tax returns, which indicated that she received GBP 155,000 as a gift from her father, Brig (R) Liaqat Asrar Bokhari, for the purchase of the London apartment, he swiftly changed his statement, acknowledging, “This is also true.” He went on to explain, “My father-in-law, Brig Liaqat Asrar Bokhari, had a bank account in London for more than forty years.” It appeared that General Shafaat had forgotten his earlier assertion that the entire payment for the apartment was made in Lahore.

v- Who was the father-in-law of Gen Shafaat

Brigadier (Retired) Liaqat Israr Bokhari was Fariha’s father and Gen Shafaat’s father-in-law. He passed away in 2019. Official documents, including tax returns, confirm that the name of Liaqat Asrar Bokhari was inaccurately associated with this case. Brigadier Liaqat Bokhari had two sons and two daughters, with Fariha Shah being one of his daughters. Neither Fariha nor her father, Liaqat Bokhari, mentioned any giving or receiving of gifts in 2007 or subsequent years until the declarations made in 2017. The Federal Investigation Agency (FIA) may conduct an inquiry to ascertain the accurate sources of funds used to purchase this London apartment or to investigate whether any payments were made for the acquisition of the apartment at all.

vi- Why London property in wife’s name?

Gen Shafaat faced inquiries from the media regarding his decision to acquire the London apartment in his wife’s name. He was questioned about why he didn’t register the property in his own name, especially since his wife was a homewife with no separate sources of income. In response to these queries, Gen Shafaat explained that he purchased the London apartment in his wife’s name because she did not have any other properties registered in her name.

Nevertheless, the tax records for the year 2019 belonging to his wife, Fariha Shah, reveal that the General had gifted her a 1 kanal plot in Islamabad in 2006. This indicates that she did, in fact, own property registered in her name prior to the acquisition of the London apartment.

The relevant page of Wealth Statement of Fariha from her 2019 annual tax returns

It’s worth noting that Fariha Shah did not report the property in Islamabad in her tax returns prior to the 2019 tax year, despite its acquisition back in 2006.

Under 18 millionaire: Offspring of Pakistan Army Generals

Raza celebrated his 18th birthday in January 2010. He initiated his income tax return filings in Pakistan on July 10, 2014. However, he officially assumed the role of director in the offshore company on May 24, 2010, four months after his 18th birthday. In the company’s official documents, according to the ICIJ’s revelations, when taking on the role of director, Raza cited his source of income as ‘shareholder funds from past earnings.’ Fact Focus couldn’t ascertain the origins of his earnings during his minor years, leading to his millionaire status.

Details of assets of Gen Shafaat, Fariha Shah, and Raza Ullah Shah in Pakistan

Numerous properties were listed in the names of Shafaat, Fariha, and Raza in their official tax documents. In a recent declaration, they claim ownership of the following properties in Pakistan, with bank accounts and investments being separate from this.

Shafaat Ullah Shah:

1- 117, Sarwar, Colony, Lahore

2- 129, Defence Raya Golf & Country Club, DHA, Lahore

3- Plot No. 3-4A, Street G,Phase III, Sangar Housing Scheme, Gawadar

4- Plot no 414 block MB Phase 6C, DHA, Lahore

5- One Kanal Plot # 858Q Phase IX, DHA, Lahore

6- 392, Phase Z, DHA, Lahore

Fariha Shah:

1- Plot # 9P, A/000923, DHA, Lahore

2- 8 Marla Commercial plot # 90A, DHA, Lahore

3- 01 kanal land, village Dora Mori, Islamabad (Gifted by husband in 2006)

4- 1, TUFAIL ROAD, Lahore Cantt

5- plot, DHA Phase 6, LHR Cantt

6- Gawadar, Ind Area

7- 74, H Block, Phase-1, Commercial Area

Raza Ullah Shah:

1- 8 Marla Commercial Plot No 26 B, DHA, Commercial Broadway, Phase-VIII, Lahore

2- Commercial Plot – Plot No 25 B DHA, Commercial Broadway, Phase-VIII, Lahore

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Note: On November 13, 2023, three sentences were incorporated into the article within the section elucidating the foreign nationality of the family. These additions were based on information extracted from an archival copy of Maha Shah’s passport.

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