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Chinese firm Jiangsu not working in Pakistan: Zhao
September 04, 2017
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ISLAMABAD: Deputy Chief of Mission at the Chinese Embassy in Pakistan, Lijian Zhao has confirmed that Chinese company Jiangsu Yabeite Technology Co. Ltd., which was recently wrongly embroiled in a corruption scandal by certain elements in Pakistan, was not working in Pakistan.

In a tweet, Lijian Zhao said Jiangsu Yabeite Technology Co. Ltd. was not working in Pakistan. It made up some fake letters to cheat government and was punished, the post said while replying to a tweet.

A private TV channel had alleged that Punjab Chief Minister Shahbaz Sharif has made billions from kickbacks from Jiangsu Yabeite Technology Co. Ltd., in the Multan Metro Bus project.

However, he vehemently rejected the allegations asking the TV channel to put up or shut up. He said a legal notice has been sent to the channel.

“If the channel and those behind it want a duel, I am not afraid of such challenges but bring plausible and judicially admissible proof to back your allegations. I challenge you to prove your allegations regarding the Multan Metro Bus project within the next 48 hours, if you can. Either put up or shut up.”

The Security Exchange Commission of Pakistan (SECP) has denied that no team of the Chinese regulator ever visited Pakistan for the probe into the scandal. However, it has referred the matter to the Federal Investigation Agency (FIA) for inquiry.

An appreciation letter purportedly to have been written by Shahbaz Sharif turned out to be fake because he never penned it down lauding the services of the Jiangsu Yabeite Technology Co. Ltd.

The Chinese authorities had initiated the probe after unusual transactions of money were detected in the company’s accounts.

Pakistan came into focus only after the Chinese company informed the Beijing authorities that the money involved in its unusual transactions was actually the profits it had earned from the Multan Metro Bus project through its Pakistani partner company Capital Engineering and Construction Company.

However, the facts revealed that the Chinese company has neither any role whatsoever in the Multan Metro Bus project nor any of its local partner was even registered in Pakistan. Capital Engineering and Construction Company doesn’t exist in Pakistan.

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