7/29/2019 StAR - Stolen Asset Recovery Initiative - Corruption Cases - Nassam Overseas Inc.

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Page 1 of 2http://star.worldbank.org/corruption-cases/node/19544

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Nassam Overseas Inc.

Jurisdiction of CV Incorporation / Formation:

Jurisdiction of CV Incorporation / Formation (State / Province):

Corporate Vehicle Type: Corporation

Shell Entity?: Yes

Nonprofit?: No

Legal Owner (LO): Unk

LO relationship to Public Official: Unk

Manager of CV: Jens Schlegelmilch and his wife

ear of CV Incorporation / Formation:

CV same jurisdiction as Public Official?: No

Jurisdiction of Bank Account :

Jurisdiction of Bank of Account - state/province:

Bank same jurisdiction as Public Official? :

Bank same jurisdiction as CV? : No

CV Use / Role : In its civil suit in the UK, the Government of Pakistan alleged that Nassamand Bomer received very substantial secret commissions in connection with

contracts entered into between SGS and Cotecna (Swiss customs

surveillance and inspection companies) and the Government of Pakistan in

1990 and 1994. Nassam allegedly received a commission of 3% of the

amount billed and paid by the Government of Pakistan for an inspection

contract. Payments were made from the Nassam Barclays Account for the

refurbishment of the Rockwood Estate, the refurbishment of which Pakistan

alleged were paid with illicit commissions and argued that it should be

inferred that Nassam and its accounts were controlled by Mr. Zardari and/or 

Ms Bhutto.

Case Name:  Asif Ali Zardari / Benazir Bhutto (SGS-Cotecna)

Jurisdiction of Bank Account #2:

Jurisdiction of Bank of Account #2 - state/province:

Bank name, account name #2:

Jurisdiction of Bank Account #3:

Jurisdiction of Bank of Account #3 - state/province:

Bank name, account name #3:

Jurisdiction of Bank Account #4:

Jurisdiction of Bank of Account #4 - state/province:

Bank name, account name #4:

Jurisdiction of Bank Account #5:

Jurisdiction of Bank of Account #5- state/province:

Case Control Number:143

Bank Name, Account Name:Barclays Bank

StAR Databases :  Asset Recovery Watch | Puppet Masters |  All Corruption Cases

7/29/2019 StAR - Stolen Asset Recovery Initiative - Corruption Cases - Nassam Overseas Inc.

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Page 2 of 2http://star.worldbank.org/corruption-cases/node/19544

Manager relationship to Public Official: Nominee (Jens Schlegelmilch)

Beneficial Owner (BO): Nasir Hussain (Ms Bhutto's brother-in-law.)

Actual legal form of CV Type per Jurisdiction: Incorporated

BO relationship to Public Official: Frontman (Bhutto's brother-in-law)

CV established by: public official, professional intermediary, or frontman: Professional intermediary and frontman (Jens Schlegelmilch)