Pak Crypto Deal with Links to Trump, Asim Munir Under Scrutiny in India & US: Report
Pakistan’s newly formed Crypto Council has been embroiled in a controversy surrounding a deal with US-based World Liberty Financial (WLF), a cryptocurrency firm with significant ties to the Trump family. According to reports, the deal is now under scrutiny in both India and the United States.
For those who may not be aware, Pakistan’s Crypto Council is a relatively new entity, established just a month ago. Despite its short tenure, the council has already found itself entangled in a web of controversy. At the heart of the issue is a deal signed between the council and WLF, a US-based cryptocurrency firm.
What makes this deal particularly noteworthy is the fact that Trump family members own a significant stake in WLF. Eric and Donald Trump Jr, along with Jared Kushner, son-in-law of former US President Donald Trump, collectively own 60% of the company. This has raised concerns about potential conflicts of interest and the potential for Trump family members to influence the deal.
The deal in question involves the sale of cryptocurrency mining equipment to Pakistan’s Crypto Council. The equipment is expected to be used to mine Bitcoin and other cryptocurrencies. While this may seem like a routine business transaction, the involvement of the Trump family and Pakistan’s Army chief have raised eyebrows.
According to reports, Pakistan Army chief Asim Munir personally welcomed US officials who came to sign the deal. This has sparked concerns about potential favoritism and the influence of powerful individuals on the deal.
The scrutiny surrounding the deal is not limited to India and the US. The deal has also raised concerns among Pakistani citizens, who are questioning the transparency and accountability of the Pakistan government’s dealings with foreign companies.
In a statement, the Pakistan Crypto Council defended the deal, stating that it was a “transparent and competitive bidding process” that was conducted in accordance with international standards. The council also emphasized that the deal was signed after a thorough evaluation of WLF’s capabilities and the potential benefits it offered to Pakistan.
However, critics argue that the deal is a prime example of crony capitalism, where powerful individuals and entities use their influence to benefit from government contracts and deals. The involvement of the Trump family and Pakistan’s Army chief has only added to the controversy.
This is not the first time that the Trump family has been linked to a cryptocurrency deal. In 2020, Donald Trump Jr was involved in a cryptocurrency company called Wirex, which was accused of fraudulent activities. The company was eventually shut down, and Trump Jr was criticized for his involvement.
The scrutiny surrounding the Pakistan crypto deal is a reminder of the need for transparency and accountability in international business dealings. It is essential that governments and companies prioritize transparency and ethical practices to maintain public trust and confidence.
In conclusion, the Pakistan crypto deal with links to Trump, Asim Munir, and other powerful individuals is under scrutiny in India and the US. While the deal may seem like a routine business transaction on the surface, the involvement of powerful individuals and entities has raised concerns about potential conflicts of interest and the potential for influence.
As the controversy surrounding the deal continues to unfold, it is essential that governments and companies prioritize transparency and accountability to maintain public trust and confidence.
