Wednesday 16 November 2016

Congratulations In Advance For Winning The 2018 General Elections....#MirMak



Congratulations In Advance For Winning The 2018 General Elections....#MirMak


Few months earlier i had written an article that political financial cases are almost impossible to prove even in the best of the western courts where there are forensic financial experts, trail of paperwork, best of the prosecutors and the banks and transfer agents cooperating. No political leader in the past 50 years has ever been convicted of financial crimes in the world. They have been convicted of war crimes, genocide, racketeering but never financial crimes. Why ? There are several reasons. The one that tops the lists is that friends do not convict friends. Politicians no matter where they are remain friends, from east all the way to the west. Secondly the banks that hold the funds of politicians from around the world are usually situated in the western countries and as long as the western leaders have some usage of the eastern politicians, they will not allow any conviction to take place. Case in hand Mr. Altaf Hussain and the cash caught from home, hard core cash. Had it been any other regular person he would be in jail for 30 years.
Further, the evidence which Panama Leaks documents provide are absolutely inadmissible in court of law. Why ? Because they were obtained through hacking, which makes those documents illegal. And nothing obtained through illegal means can ever be admitted in the court of law. Furthermore, what makes financial cases impossible to trace is the fact that a leader can set up an offshore account at a bank in country A. The country A account is owned through a trust in country B. The country B trust is managed by a law firm in country C. The court goes after country A account and does not find any ownership links to the leader in question because it is owned by a trust in country B. So the country A court sends a notice for information regarding the account to country B but the country B judge will immediately say that no crime was convicted in country B hence no information can be revealed. Secondly the lawyers, and the powerful ones, file a motion to seal the information under "Client Lawyer Privilege" laws regarding the names of the trustees and other information of the trust in country B.
So this musical chairs game continues till the cows come home. No leader's money, ever in the history has been brought back to the origin of the leader's country ever. Ferdinand Marcos of Philippines looted $10 billion. Mobutu Sese Seko of Zaire looted $5 billion. Sani Abacha of Nigeria $3 billion. Slobodan Milosevic of Serbia $3 billion. Suharto of Indonesia $35 billion between 1967 to 1998. Jean-Claude Duvalier of Haiti over $ 1 billion and i can go on writing all the way dating back to the beginning of the century.
This is the irony of the financial system. It protects the powerful and punishes the weak. Like it or not this is the reality and it is not about to change anytime soon. Specially in a country like Pakistan where financial forensic expertise is almost zero and it has no clout to ask other countries to cooperate. So sit tight and regret that the street power, the only power in the world, the power of the people burst like a bubble of some detergent and evaporated into thin air today.

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