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Nawaz Sharif 4th Richest Pakistani in 2008

By: watergate send a private message
Islamabad : Pakistan | over 2 years ago
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Views: 1,210
Nawaz Sharif & Shahbaz Sharif family Saudi Arabia/Pakistan Ranking: 4 Worth: £700m ($1.4billion) Industry: Politics/Businessma n Mr Sharif Businessman turned politician the former Prime Minister of Pakistan. He was ousted in a military coup in 1999 and was forced to forfeit $9million dollars and some of his assets including his $5m Mansion is Raiwind near Lahore . Before becoming PM he was a major share holder along with his brother and cousins of Ittefaq Group, having assets well in excess of £50m in the 90's. However he got richer when he took commissions from foreign companies for construction in Pakistan . He build the first motorway and many new roads and took heavy kickbacks. He then also stole $100m from the Iqra funds, he started a new scheme "Ghar Apna" in which he again looted around $40m, the "Mulk swaaro" scheme involving public & govt. money collections to help pay pf Pakistan's debts also was pocketed. He was living in exile in Saudi Arabia where it is known he has built a new empire. He is back in Pakistan to run again...
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