I am writing from New York after my long discussion with Khwaja Rehan Bakht regarding rumor "that a group of family members from Nawab Barian (Proja Party) and Shahbagan (Nain Sharer) is trying to sell "Our Beloved Talab" which is presently valued at about 120 crores Takas or more.
I met Khwaja Rehan Bakth of Dubai, a dynamic member of "Moulvi Abdullah Trust" who is presently visiting New York last week. I met Rehan along with Syed Osama Shehbazi.
Following are the comments made by Rehan when I ask him about Talab selling rumor.
(1) Its all Bogus! There exist no such discussion by any member of "Moulvi Abdullah Trust" which legally own Talab. We are talking with nobody regarding selling Talab. This is non-sense.
(2) Question of even 1% ownership of Talab by nain sharers is totally false. 100% of Talab is own by proja party or "Moulvi Abdullah Trust" . "according to Khwaja Rehan Bakth, "I am telling you this as fact! because, I have studied the documents of final settlement by late Khwaja Nazimuddin, many times.
(3) When I asked Khwaja Rehan, why there is rumors of some ownership of Talab by Nain Sharer,s and they are also being rumored as active party wanting to sell? He explained to me, that the original document known as final settlement only says, that the " owners of Talab is hereby "requested" to include some members of Nain Sharers related administration or management committee that oversee Talab during fishing/angling sports season".
(4) So ownership of Talab by Nain Sharer's are nothing but a hoax.
(5) Khwaja Rehan also told me that the trust is working with someone to release some 6 crore takas from the Bangladesh government that is owed to Moulvi Abdullah Trust related to the sale of Ahsan Manzil and sorrounding areas. When I asked him about the interest on that 6 crore since 1992, I did not get a satisfactory answer.
(6) Khwaja Rehan further said, that money (Moshara) distributed this year from the trust to the family members were distributed from the profits for the first time in history. Moulvi Abdullah Trust is now in best financial position and Talab is bringing in some 2.5 Laks in revenues per month? alone.
Respectfully submitted
Iftekhar Hassan
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5 comments:
Thanks for the clarification.
Could you also ask Khwaja Rehan following two questions:
What % of share is owned by Moulvi Abdullah Trust In Baigan Bari Property? Is trust doing something about it?
I have recently heard that Trust has lost a case against MahaKobi. Now trust has to pay 8 to 9 lakhs taka to Mahakobi.
It is alleged the memebers did not fight the case seriously , were absent from numerous court hearing.
Does this say that there might have been an under the table settlement between the plaintiff and the defendant? The share holders like to know how Trust could be in the best of financial position when losing a case for 8 or 9 lakhs?
Dear anonymous,
I shall most certainly thank you for new information regarding "MAHAKOBI" VS. TRUST secret deal.
I have no idea if Rehan is still in NYC or went back to Dubai. However, I will try to contact Rehan and would post his answer at this forum, if any.
Trusting the above is sufficient for now, and thank you for your post.
I.H
I am amazed to see the growing interest in Abdullah Welfare Trust. And thanks to Nawab Bari site where many of us can post views and voice our concerns. But this alone is not enough unless the members of the family come forward and help the trust with their active participation. The case between Advocate Ghani and trust is believed to be a set up which eventually made a significant dent to trust's coffer. I heard about some new recruits in the trust putting their best effort to overhaul the complete system. But any progress is just not possible unless those unscruplous members are thrown out thrown out. I would request Iftekhar to probe Rehan to cough out details about their plan and progress. Best regards....Waseem Arzoo
Dear Anonymous
It seems your information is good related to trust VS. Mahakobi case.
As per your request I have had further discussion with K. Rehan as follows:-
Question:I have recently heard (over at nawabbari.com) that Trust has lost a case against MahaKobi. Now trust has to pay 8 to 9 lakhs taka to Mahakobi.
Answer from Rehan: This is true. We (MAT) owe Mahakobi about 10 laks taka. This is due to neglect by the previous board of truste/members (i.e. Zulfiqar, Nunna Etc.) What happened is they simply did not showed up at the court date and Mahakobi got the degree based on default(GHAIR HAZREE BY THE DEFENDENT)
K. Rehan also mentioned that they did appeal to the higher court, but the higher court kept the lower court's ruling as valid/stay.
K. Rehan also mentioned to me that they are trying toward a settlement with Mahakobi.
Question: Baigan Bari situation.
This property is now valued at about 80 crores and the present trust is working/negotiating with some party's to co-develop it.
I hope the above meets your needs,
respectfully,
Iftekhar Hassan
Thanks for the update.
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