Ayaz Khan Niazi | Family Pics, Age, Biography, Education, Height, Weight, Wedding, Wife, Wiki, Scandal & More
Ayaz Khan Niazi has connections with a trust and three offshore companies in the British Virgin Islands (BVI) – Andalusian Discretionary Trust, Andalusian Establishment Limited, Andalusian Enterprises Limited and Andalusian Holdings Limited, respectively.
The three companies were set up in 2010 when Niazi was NICL chairperson.
Niazi’s brothers Hussain Khan Niazi and Muhammad Ali Khan Niazi were shown as beneficial owners, whereas Ayaz, his father Abdul Razaq Khan, and mother Fauzia Razzaq acted as directors.
Former National Insurance Corporation Limited (NICL) chairperson Ayaz Khan Niazi has also been identified in the records in connection with four offshore holdings in the British Virgin Islands.
One of them was a trust, Andalusian Discretionary Trust, while the other three were set up as companies: Andalusian Establishment Limited, Andalusian Enterprises Limited and Andalusian Holdings Limited.
All the three companies were set up in 2010 when Niazi was the NICL chief.
In the record, however, Niazi’s two brothers, Hussain Khan Niazi and Muhammad Ali Khan Niazi, were shown as the beneficial owners, whereas Ayaz along with his father Abdul Razaq Khan and mother Fauzia Razzaq acted as directors.
The NICL scandal, which made headlines in Pakistan during Niazi’s tenure, pertained to financial embezzlement by Niazi, then commerce minister (late) Makhdoom Amin Fahim and several bureaucrats in purchase of official land.
The case is yet to be decided.
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