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 amount. 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

comments powered by Disqus