Oh, so the PhD in lying, can formulate an argument - let's see:
1. endowment fund money can not be invested in risky, speculation ventures.
It never WAS. First of all, SKMCH investments have yielded growth - which shows they are great investments. The one particular investment talked about was ABSOLUTELY secured - it was a capital CAPPED investment - the capital was secured. This surety was taken on the company's letterhead, which is admissible in court of law.
Anyway, Real estate investment is NOT speculative to begin with. International organizations like Harvard and Yale invest in real estate (and actually incurred loss due to recession).
2. conflict of interest! even NIT fund manager can not invest in their own company, and this was zakat money!
Don't lie shameless, I will catch you. First of all, it was NOT zakat money - zakat money is never invested, but directly spent on patients. Endowment fund is made up of non-zakat donations.
Secondly, the said investor ABSTAINED from the decision. The other board members made this decision, so no conflict of interest. And as I said, it was a completely secure investment - the company vowed to took the loss. The independent auditors mentioned that it was a secure investment with capital guaranteed in their audit report. Ferguson, that is.
3. There is no bank guarantee, just personal one by the owner. Need bank guarantee to invest endowment funds of any charity organization.
You don't know dang about the issue and you feel fit to run your mouth? Harvard and Yale incurred LOSSES on their endowment funds - what "bank guarantees" they had? YOU DON"T GET "BANK GUARANTEE" for ANY investment - if you demand that from the investor, the investor will kick your backside! This is not how regular investment goes. Loss and profit are PART OF THE INVESTMENT. Endowment funds are NOT - I repeat NOT - required to be invested only with "bank guarantees". Show me any law to this effect. This cr*p about "bank guarantee" was the figment of Kh Sra's imagination - it only works in special cases.
Ab hosh tikhane aye?!
4. people like me, who gave them zakat were misguided and now have to give zakat again
Liars like you give zakat? That's surprising!
5. imran khan personally taking advantage of the sources of the one who benefited from this investments (using his car, accommodation, personal aircraft etc)
What the heck you are talking about? ARe you on crack? Probably when you weren't even born yet (the world had one less liar), Imran Khan was traveling on planes the world over, and driving expensive cars. Do you know what an idiot you sound when you say Imran will play with SKMCH funds - an institution he made into such a successful organization with is hard work - to get a plane or car ride?
Now if you are talking about Haidri - first of all, he bore all the loss, so completely secure investment from SKMCH point of view. And Imran has no relation to him apart from him being a donor of SKMCH for long time. That's how IMran knows him, and any ensuing affiliation, and nothing else.
btw!! when and where was the case filed!
In IHC (this is a quiz for you to tell what this abbreviation belongs to), a couple of days ago. See IK's interview of Sunday.
Now I don't think the above will work on you - you will keep repeating the lies with confidence because that thing called "shame" is non-existent in you.