PARIS: Pakistani President Asif Ali Zardari is suspected of having received millions of dollars in kickbacks from the 1994 sale of three French submarines to the Pakistani Navy, a French daily reported.
In addition, investigators believe that the non-payment of the full amount of the agreed kickbacks may have led to the deaths of 11 French nationals in a 2002 terror attack in the city of Karachi.
The report says the French daily acquired documents that allegedly show that Zardari received 4.3 million dollars in kickbacks from the sale of three Agosta 90 submarines for 825 million euros (currently 1.237 billion dollars).
The documents were sent to the Pakistani National Accountability Bureau (NAB) by British authorities in April 2001 and indicate that Zardari received several large payments into his Swiss bank accounts from a Lebanese businessman, Abdulrahman el-Assir, in 1994 and 1995.
According to a former executive of the French naval defence company DCN, French authorities chose el-Assir to act as intermediary in the deal. He allegedly deposited a total of 1.3 million dollars in Zardari’s bank accounts between August 15 and 30, 1994, one month before the submarine contract was signed, and then 1.2 million dollars and 1.8 million dollars one year later.
According to DCN employees who testified in the terror attack investigation, the kickbacks to Pakistan in the deal totalled 10 per cent of the purchase amount, with 6 per cent, or 49.5 million dollars, going to the military and 4 per cent, or 33 million euros, being funneled to political circles.
In addition, investigators believe that the non-payment of the full amount of the agreed kickbacks may have led to the deaths of 11 French nationals in a 2002 terror attack in the city of Karachi.
The report says the French daily acquired documents that allegedly show that Zardari received 4.3 million dollars in kickbacks from the sale of three Agosta 90 submarines for 825 million euros (currently 1.237 billion dollars).
The documents were sent to the Pakistani National Accountability Bureau (NAB) by British authorities in April 2001 and indicate that Zardari received several large payments into his Swiss bank accounts from a Lebanese businessman, Abdulrahman el-Assir, in 1994 and 1995.
According to a former executive of the French naval defence company DCN, French authorities chose el-Assir to act as intermediary in the deal. He allegedly deposited a total of 1.3 million dollars in Zardari’s bank accounts between August 15 and 30, 1994, one month before the submarine contract was signed, and then 1.2 million dollars and 1.8 million dollars one year later.
According to DCN employees who testified in the terror attack investigation, the kickbacks to Pakistan in the deal totalled 10 per cent of the purchase amount, with 6 per cent, or 49.5 million dollars, going to the military and 4 per cent, or 33 million euros, being funneled to political circles.
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