Imran Khan Backtracks on 100,000 pounds statement, submits new documents to Supreme Court

Pakistan Tehreek-i-Insaf PTI Chairman Imran Khan submitted more documents in the Supreme Court SC on Monday, taking a new position on a sum of nearly 100,000 pounds that the SC had raised questions over.

The documents were submitted in reference to a petition filed against Imran by PML-N leader Hanif Abbasi, which seeks the disqualification of Imran over the non-disclosure of assets and existence of offshore companies.

Backtracking on his earlier position that approximately 99,000 pounds had been spent on legal fees and associated costs, Khan on Monday claimed that the amount had only initially been retained but parts of it were later remitted to him by the company.

According to the details provided in Khan's latest statement submitted in the SC, he was initially informed by the directors and shareholders of Niazi Services Ltd. NSL in 2003 that approximately 100,000 pounds had been retained by NSL for legal costs after a County Court decision against them in United Kingdom.

However, after an appellate court decision in their favour, NSL transferred 40,000 pounds to his account in May 2014. The amount "was not recalled earlier" by Khan and his tax consultants, which is why the court had not been informed of it, he said today.

Furthermore, 42,456 euros were remitted to him after NSL reached a settlement with the tenant of the London flat in two installments in 2007 and 2008.

The 40,000 pounds were declared to the Federal Board of Revenue FBR and Election Commission of Pakistan ECP since Khan was an MNA in the period. However, the 43,456 euros amount was only declared to the tax authorities and not to the ECP because the PTI chief had ceased to remain the MNA in 2008.

"The position earlier taken qua the remaining almost GBP 100,000 retained by NSL in 2003 was based on memory, incorrect advice, absence of requisite record, lack of documentary information," the statement said about Khan's previous position on the matter.

"Thanks to God Almighty and Jemima's record keeping, today I submitted all additional money trail documents asked for by SC," Khan said in a Twitter message, after the submission.