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Ijaz rejects reports against him as `slanderous`

Last Updated: Tuesday, February 21, 2012 - 14:16

Washington: Accused of financial defaults,
controversial Pakistani-American businessman Mansoor Ijaz has dismissed media reports as "completely slanderous" to discredit him ahead of his video deposition before a Pakistani judicial panel on the memo scandal.

According to the court documents and publicly available
information based on which a series of articles have been
published in the Pakistani media, Ijaz has defaulted on
several payments and in one of the cases enforcement action is
expected to begin shortly.

Prominent among them include a default of USD 1.4 million
against Banca Sammarinese di Investmento (BSI).

"It is a completely slanderous article written in a
newspaper that has done nothing but slander me from the very
beginning of this process," Ijaz told reporters when asked about
financial irregularities and default allegations against him
published in the last few days in the Pakistani media.

In addition to BSI, Citibank also has a judgment against
him for USD 16,021 and in 2007 Aurora Loan Services filed a
motion in the New York Supreme court for an unidentified
According to the publicly available documents, Ijaz has a
total of eight lien records against him. He only owns an
apartment in New York.

In 2002, the Bank of New York had moved the New York
Supreme Court to recover a paltry sum of USD 58,698 and a
judgment was issued but no release was filed.

Ijaz was also sued by American Express Travel Services
for USD 166,880. Ijaz paid off his debt after New York Supreme
Court decided in the favor of the creditor.

"I will not comment further for the record. Mainly,
because it is not relevant to the case and does not affect my
credibility one iota. I have rather welcomed the fact that
most people see me as having nothing. It allows me to continue
with my affairs without having to worry anyone knows anything
about where I have what I have and how I have it," Ijaz said.

Ijaz created a storm in political and diplomatic circles
last year after he made public an alleged memo that sought US
help to stave off a feared coup in Pakistan in the wake of
killing of Osama bin Laden in May last year.

Ijaz will appear in the Pakistan High Commission in
London tomorrow for recording his testimony through a video
link with the Supreme Court-appointed commission, probing the
memo scandal.


First Published: Tuesday, February 21, 2012 - 14:16

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