ISLAMABAD/LONDON: Pakistan Tehreek-e-Insaf (PTI) General Secretary Jahangir Khan Tareen is the actual owner of the £7 million Hyde House in Newbury, UK, which is established by Tareen’s Shiny View Limited BVI offshore company, reported The News. According to the report, Tareen is also a “settler-directed/controlled trust” of the offshore trust in which the trustees have minimum control and his children can benefit only either 150 years or once Tareen has passed away. Tareen has submitted a 38-page trust deed in the Supreme Court of Pakistan by in disqualification case. During his lifetime, all benefits, ownership and control of the trust are retained by Tareen, added the report. Trusts which are settler directed or controlled have to be declared as an asset by the settler since he has the control and is beneficial owner.

Source: Pakistan Today December 06, 2017 04:21 UTC