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BBC’s questions regarding Jahangir Tareen’s ‘Trust Deed’

canada goose uk black friday KARACHI: Pakistan Muslim League Nawaz (PML N) lawmaker Hanif Abbasi, in 2016, filed a petition against Pakistan Tehreek e Insaf (PTI) General Secretary Jahangir Tareen for getting him disqualified. According to Abbasi stance, Tareen had allegedly, in the 2013 general elections nomination papers, not mentioned his offshore companies; therefore, Abbasi urged that Tareen should be disqualified. canada goose uk black friday

buy canada goose jacket cheap In response to this petition, Tareen, in a statement submitted before the Supreme Court in Nov 2016, said that his independent children were the beneficiaries of the offshore company as per the conditions laid out in a trust. He further submitted that he had no beneficial interest or favour in this company, and Canada Goose online that he was just a of this trust and was not legally bound to show the record of this company on his election nomination papers. buy canada goose jacket cheap

BBC has carefully deconstructed the Deed canada goose clearance submitted by Jahangir Tareen in the Supreme Court (SC). According to the Schedule 3 of the Deed which was signed on May 5, 2011, between settlor Jahangir Tareen and trustee HSBC Trust Company, only Tareen and canada goose his wife were the beneficiaries of this trust when this Deed was Canada Goose Parka signed.

canada goose black friday sale It is worth mentioning here that according to the Deed the settlor, Jahangir Tareen, had the right to add or remove anyone from being a lifetime beneficiary of this trust. And for doing so, Tareen would have to inform the trustee, the HSBC Trust Company, in writing. canada goose black friday sale

buy canada goose jacket If Tareen had added his children as the lifetime beneficiaries of this company later on, then the trustee must be having a written record of this addition. The attempts to get a statement from Tareen lawyer, Sikandar Mohmand, failed. However, some questions were sent to him through WhatsApp. Jahangir Tareen is shown as a lifetime beneficiary in Canada Goose Jackets the Deed Does canada goose clearance sale this Deed nullify Tareen statement submitted in the SC? According to the record, he said that his independent children not him were the beneficiaries of this company as per the conditions laid out in a trust. buy canada goose jacket

He was further asked if Tareen has signed the Deed to make his children the lifetime beneficiaries. According to the Deed for taking this step, it was important to canadian goose jacket inform Canada Goose Outlet the trustee in writing. Does Tareen have any proof of taking this step? When was it done? Does he have written evidence?

Canada Goose Parka Mohmand was also asked if he and his wife were still canada goose deals the discretionary Canada Goose sale beneficiaries. Is Jahangir Tareen still the lifetime beneficiary? If not, then when did he detach himself from this trust as a beneficiary? Canada Goose Parka

Canada Goose online Until now, the lawyer of Jahangir Tareen has not responded to these questions. In the same regard, when PTI leader Fawad Chaudhry was asked about this issue, he insisted that Jahangir Tareen children were the only beneficiaries of this trust. He was asked that according to which clause of the Deed Jahangir Tareen children were made the beneficiaries. He referred to the Schedule 4 of the Deed to answer this question. Canada canada goose outlet Goose online

uk canada goose outlet In the Schedule 4 of Deed there is a clear mention of Tareen wife and children as beneficiaries, but this schedule can only come into effect after canada goose coats the death canada goose black friday sale of Jahangir Tareen. uk canada goose outlet

According to the Clause 7 of the Deed in the case of Tareen death, his children and grandchildren can become the beneficiaries of this trust. However, it was difficult to understand how this schedule was applied when Tareen was still alive.

cheap canada goose uk According to law experts, canada goose coats on sale the Clause 6.3 of the Deed indicated that the trustee can pay the complete amount of the trust fund or partial amount of the fund to the discretionary beneficiary in Tareen lifetime. cheap canada goose uk

When the Deed was signed, only Tareen and his wife were the discretionary beneficiaries according to Schedule 3. Apart from this, according to Clause 7 of the Deed the trustee will manage the trust company income and capital according to Schedule 4 of the Deed in case of Tareen death.

canada goose clearance In the After the Settlor Lifetime section, it is highlighted how the company would work. As per this title of Schedule 4, in case of Tareen death, his wife and children will be the discretionary beneficiaries of the trust. canada goose clearance

canadian goose jacket According to Item 2 of Schedule 4, Tareen wife, in case of Tareen death, can ask the trustee to provide her the income of the trust or someone else nominated by her. As per Item 3 of Schedule 4, Tareen wife can also direct the trustee to give the income of the trust to beneficiaries. canadian goose jacket

According to the different clauses of the Deed it becomes clear that in his [Jahangir Tareen lifetime, the only discretionary beneficiaries of his company are he and his wife. And his children cannot be the discretionary beneficiaries as long as he is alive.

canada goose In response to this petition, Tareen, in a statement submitted before the Supreme Court in Nov 2016, said that his independent children were the beneficiaries of the offshore company as per the conditions laid out in a trust. He further submitted that he had no beneficial interest or favour in this company, and that he was just a of this trust and was not legally bound to show the record of this company on his election nomination papers. canada goose

canada goose uk outlet BBC has carefully deconstructed the Deed submitted by Jahangir Tareen in the Supreme Court (SC). According to the Schedule 3 of the Deed which was signed on May 5, 2011, between settlor Jahangir Tareen and trustee HSBC Trust Company, only Tareen and his wife were the beneficiaries of this trust when this Deed was signed. canada goose uk outlet

Canada Goose Coats On Sale It is worth mentioning here that according to the Deed the settlor, Jahangir Tareen, had the right to add or remove anyone from being a lifetime beneficiary of this trust. And for doing so, Tareen would have to inform the trustee, the HSBC Trust Company, in writing. Canada Goose Coats On Sale

If Tareen had added his children as the lifetime beneficiaries of this company later on, then the trustee buy canada goose jacket cheap must be having a written record of this addition. The attempts to get a statement from Tareen lawyer, Sikandar Mohmand, failed. However, some questions were sent to him through WhatsApp. Jahangir Tareen is shown as a lifetime beneficiary in the Deed Does cheap Canada Goose this Deed nullify Tareen statement submitted in the SC? According to the record, he said that his independent children not him were the beneficiaries of canada goose store this company as per the conditions laid out in a trust.

canada goose clearance sale He was further asked if Tareen has signed the Deed to make his children the lifetime beneficiaries. According to the Deed for taking this step, it was important to inform the trustee in writing. Does Tareen have any proof of taking this step? When was it done? Does he have written evidence? canada goose clearance sale

canada goose store Mohmand was also asked if he and his wife were still the discretionary beneficiaries. Is Jahangir Tareen still the lifetime beneficiary? If not, then when did he detach himself from this trust as a beneficiary? canada goose store

cheap Canada Goose Until now, the lawyer of Jahangir Tareen has not responded to these questions. In the same http://www.mycanadagoosejacket.org regard, when PTI leader Fawad Chaudhry was asked about this issue, buy canada goose jacket he insisted that Jahangir Tareen children were the only beneficiaries of this trust. He was asked that according to which clause of the Deed Jahangir Tareen children were made the beneficiaries. He referred to the Schedule 4 of the Deed to answer this question. cheap Canada Goose

Canada Goose Jackets In the Schedule 4 of Deed there is a clear mention of Tareen wife and children as beneficiaries, but this schedule can only come into effect after the death of Jahangir Tareen. Canada Goose Jackets

Canada Goose Outlet According to the Clause 7 of the Deed in the case of Tareen death, his children and grandchildren can become the beneficiaries of this trust. However, it was difficult to understand how this schedule was applied when Tareen was still alive. Canada Goose Outlet

According to law experts, the Clause 6.3 of the Deed indicated that the trustee can pay the complete amount of the trust fund or partial amount of the fund to the discretionary beneficiary in Tareen lifetime.

When the Deed was signed, only Tareen and his wife were the discretionary beneficiaries according to Schedule 3. Apart from this, according to Clause 7 of the Deed the trustee will manage the trust company income and capital according to Schedule 4 of the Deed in case of Tareen death.

Canada Goose sale In the After the Settlor Lifetime section, it is highlighted how the company would work. As per this title of Schedule 4, in case of Tareen death, his wife and children will be the discretionary beneficiaries of the trust. Canada Goose sale

Canada Goose Online According to Item 2 of Schedule 4, Tareen wife, in case of Tareen death, can ask the trustee to provide her the income of the trust or someone else nominated by her. As per Item 3 of Schedule 4, Tareen wife can also direct the trustee to give the income of the trust to beneficiaries Canada Goose Online.

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