Imran Khan refuses money laundering charges in reply submitted to SC

ISLAMABAD: Pakistan Tehreek-e-Insaf chairman Imran Khan submitted his reply over a tax evasion and offshore company case in the Supreme Court.

In his reply he refused allegations of tax evasion and money laudering leveled against him.

"All allegations against offshore companies and tax evasion are baseless. The petitioner has filed these charges on the order of his political patrons," the reply stated.

The petition filed by Hanif Abbasi should be rejected and the petitioner should be fined, the reply states.

Imran Khan stated that he had bought the London flat for a sum of £117000. He said that he had formed the Niazi Company Ltd with £9 and its only asset was the London flat.

He said that in 2002 he purchased the Bani Gala land for a sum of Rs 43 crore 50 lakh on installments. He added that he payed Rs 6,500,000 as down payment through his own money.

He said that since the London Flat was taking time to sell his first wife Jemima made the down payment. Therefore it was decided that money from the London flat will be transferred to Jemima.

He said that the London flat was sold for £715,000 which after paying taxes was reduced to £690,000.