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Strategies & Market Trends : India Coffee House

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To: sea_biscuit who wrote (8926)10/26/1999 8:27:00 AM
From: JPR   of 12475
 
Good Morning Dipy:

How do you feel today?
Koran 5:40 God punishes whom He will and forgives whom He pleases. God has power over all things.

Here is something that will interest you.
General Musharaff, Family, Sharif,etc
The General's son works for the State of Mass
The general?s only son, he said, works as an actuary in Boston for the state of Massachusetts. DR.Musharraf, an ansthesiologist himself is a U.S. citizen who has lived in Chicago for 25 years, ever since his medical residency at Cook County Hospital. As for religion, the Musharrafs are faithful, though hardly the most observant of Muslims, he said.
Malik, the nightmare for Sharif
The records, including government documents, signed affidavits from
Pakistani officials, bank files and property records, detail deals that Malik
says benefited Sharif, his family and his political associates:

Highway robbery
-- At least $160 million pocketed from a contract to build a highway
from Lahore, his home town, to Islamabad, the nation's capital. The
money, he says, was generated by an inflated bid accepted by Sharif.
Malik says the extra $160 million took the form of a gift to Sharif and his
associates.

Loot the State Bank
-- At least $140 million in unsecured loans from Pakistan's state banks,
which he says went to finance companies owned or controlled by Sharif.

$60Mill rebates: How sweet it is
-- More than $60 million generated from government rebates on sugar
exported by mills controlled by Sharif and his business associates.

$58 million Wheat skimming Scam. Loafer pockets money from inflated price of a loaf of bread
-- At least $58 million skimmed from inflated prices paid for imported
wheat from the United States and Canada.

In the wheat deal, Sharif's government paid prices far above market
value to a private company owned by a close associate of his in
Washington, the records show. Falsely inflated invoices for the wheat
generated tens of millions of dollars in cash.

Sweat Deal
Last year, Sharif's government, desperately seeking foreign currency,
exported 350,000 tons of sugar to India. To spur the exports, the
government offered a rebate to sugar manufacturers of about 10 cents a
pound.

Pakistan Railways - rename Sharif's Railways.
There was a catch: the sugar would have to be exported by rail. The
government runs the railroads. When the trains were ready to be loaded,
at least 90 percent of the rail cars were reserved for sugar produced by
companies controlled by Sharif and his business associates, Malik said.
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