PTI chief 'admits' investing skmt funds in real estate.

ISLAMABAD -- PTI ChaiArAman Imran Khan on SaturAday admitted to investing funds donated to the ShauAkat Khanum Memorial Trust (SKMT) in a private housing project, though he clarified that the amount was later returned to the trust.

The revelation came during the hearing of a Rs10 billion defamation case that Mr Khan filed against PML-N leader Khawaja Asif, now the defence minister.

Additional District and Sessions Judge Umeed Ali Baloch conducted the proceedings, attended by lawyers of both parties. Mr Khan joined through video link from his residence in Lahore's Zaman Park.

During the cross-examination, Mr Khan disclosed that SKMT's board of directors informed him about investing in the private housing society.

Ex-PM clarifies matter was closed after Shaukat Khanum board members returned $3 million

Mr Asif's counsel, BarrisAter Haider Rasool, put a question to Mr Khan regarding the investment in a construction project, to which the PTI chairman admitted the fact but stated that he did not remember the name of the housing project.

Mr Khan said that he also did not remember whether the board informed him through writing and that the board members returned $3 million and the matter was settled.

Barrister Rasool argued that the matter was not settled as the dollar's rate was Rs60 at the time of the investment and it doubled to Rs120 when the investment matured.

After the counsel requesAted the court to adjourn proceedings and insisted that he would conclude the cross-examination during a couple of...

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