PKPolitics Discuss » Video Links

Zardari transfering assets to South Africa

(5 posts)

  1. sasherwani
    Members

    Asif Zardari is selling most of his Dubai assets (including the API tower on Sheikh Zayed Road, Dubai Pearl, Palm Signature Villas and 2 JLT towers) and purchasing serviced apartments in South Africa. I am guessing his "personal financial advisor" believes that South Africa will be a more profitable investment in light of the upcoming soccer worldcup. The total price of his investments is:
    API tower AED 450 million
    Dubai Pearl share AED 900 million
    5 Palm Signature villas AED 60 million
    2 JLT Towers AED 700 million

    Total transfered investment: AED 2.1 billion.

    How come no news on Geo or ARY on this? Anyone from Geo or ARY can go to the land department or RERA in Dubai and dig out the details!

    Posted 2 years ago on 06 Jul 2009 5:38 #

  2. IJay
    member

    Dubai real estate is going down after recession its better to sell all assets in dubai otherwise you have to sell cheaply in future many of family friends got lost every thing in dubai as real estate market crashes in dubai.400 apartments ready to sell but no buyers so zardari is doing the right thing! as a good business man.

    Posted 2 years ago on 06 Jul 2009 6:12 #

  3. sasherwani
    Members

    lol,

    Yes we all know Dubai is facing a recession (which is a global recession btw). Thats not the point (Not that I expected you to get the point anyway).
    The point is, AED 2.1 Billion is a big sum. Its 44 billion rupees and thats just ONE part of his portfolio. Where is this money coming from? (cough cough 10%)

    P.S. Zardari is a retard. He isnt a good businessman. He has "hired" good financial advisors which ANY rich person would do so.

    Posted 2 years ago on 06 Jul 2009 11:26 #

  4. mulla1
    blocked

    did I say this a few days back, when I heard this from the ISI watchdog in usa ...

    big money laundering scam going to south Africa and zardari doing this!

    Mulla!

    Posted 2 years ago on 06 Jul 2009 14:50 #

  5. Anonymous

    Everyone is taking money out of Dubai. Infact, everyone is leaving Dubai as well.

    Dubai Sheikh recently sucked up his ego and got a huge loan from the emir of AbuDhabi who is also the official ruler of UAE.

    Posted 2 years ago on 06 Jul 2009 15:04 #

RSS feed for this topic

Reply

You must log in to post.