Dubai Courts have no record of Gulf Steel Mills sale: UAE s ministry of justice
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14 days ago

Dubai Courts have no record of Gulf Steel Mills sale: UAE s ministry of justice

ISLAMABAD: The United Arab Emirates government had replied to the Joint Investigation Team (JIT) that the Dubai Courts did not have the record of transaction worth AED 12 million. The transaction refers to the sale proceeds of 25 per cent shares of Ahli Steel Mills (formerly Gulf Steel Mills) in the name of Tariq Shafi, the prime minister s cousin. As per Volume-III of the report, the UAE s ministry of justice replied to JIT that the share sale of 25% agreement of 1980 of Ahli Steel Mills dated 14

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