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Corruption

This tag is associated with 3 posts

HBL privatization to Aga Khan Fund cost Pakistan $9.1 billion

On 29 December 2003 when AKFED (Aga Khan Fund for Economic Developmet) acquired HBL (Habib Bank Limited), AKFED had only PKR 90 billion ($ 1.5 billion) in assets. An organization worth $1.5 billion buying a bank worth $9.5 billion for just $389 million is the largest corruption scandal in Pakistan’s history. The Aga Khan Fund … Continue reading

Nizar Fazwani emerges responsible for Pak-Fidai Cooperative Housing Society Corruption Case

Only a couple of weeks ago on 20 September 2019, Anwar Jessani, the Chairman of the Federation of Ismaili Co-operative Societies Limited called out the unethical practices of Nizar Fazwani and has brought forward the issue of Mr. Fazwani and other office bearers withdrawing deposits amounting to crores of rupees, and also earning unusually large … Continue reading

Nizari Ismaili Community: The Corruption Within

One of my best Ismaili friends sent me an e-mail which he wrote to a Yahoo! group to be put on board to let the group members know about the corruption within his local Ismaili community in Ontario. His e-mail was not published because of the group’s policy to post only positives about the Imam and the … Continue reading

Interview: Ismailism to Islam

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