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| '''Jahangir Siddiqui''' is a ]i businessman and philanthropist. | |||
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| ==Career== | |||
| In 1971 he founded Jahangir Siddiqui & Co. Ltd, which by growth and acquisition eventually became the ] of companies.<ref name=empire>{{cite news|last=Alam |first=Kazim |url=http://tribune.com.pk/story/321715/js-group-the-empire-built-by-selling-the-family-car/ |title=JS Group: the empire built by selling the family car |work=] |date= |accessdate=2014-02-02}}</ref> | |||
| To raise money to start the company after his father's initial refusal to lend him ]6,000 to start a business, Siddiqui secretly sold his family's car to a junk dealer for Rs1,800, along with the family's two-year stock of wheat and coal, all of which were stored in the family's house at the time.<ref name=empire/> By the time he retired from the company in 2003, JS Group comprised a range of businesses with over 18,000 employees.<ref name=empire/> | To raise money to start the company after his father's initial refusal to lend him ]6,000 to start a business, Siddiqui secretly sold his family's car to a junk dealer for Rs1,800, along with the family's two-year stock of wheat and coal, all of which were stored in the family's house at the time.<ref name=empire/> By the time he retired from the company in 2003, JS Group comprised a range of businesses with over 18,000 employees.<ref name=empire/> | ||
Revision as of 13:04, 3 February 2014
Jahangir Siddiqui is a Pakistani businessman and philanthropist.
Career
In 1971 he founded Jahangir Siddiqui & Co. Ltd, which by growth and acquisition eventually became the JS Group of companies.
To raise money to start the company after his father's initial refusal to lend him Rs6,000 to start a business, Siddiqui secretly sold his family's car to a junk dealer for Rs1,800, along with the family's two-year stock of wheat and coal, all of which were stored in the family's house at the time. By the time he retired from the company in 2003, JS Group comprised a range of businesses with over 18,000 employees.
He and his wife Mahvash went on to found the Mahvash & Jahangir Siddiqui Foundation, a charitable, non-profit organization, focusing on healthcare, education, sustainable development through social enterprise and emergency relief in Pakistan.
Siddiqui is the brother of the television director, producer and businessperson Sultana Siddiqui, and the uncle of her son the businessman Shunaid Qureshi.
2010 land grabbing allegations
In December 2010, Siddiqui was placed on the Exit Control List (ECL) for alleged land grabbing in Karachi. The names of his wife Mehwish Siddiqui, his son Ali Jahangir Siddiqui, and his brother Zahid Siddiqui had also been placed on the ECL, which alleged that Jahangir Siddiqui had illegally occupied a plot of 1,000 square yards in Karachi in connivance with the owner of an estate agency, using forged documents. Additional Executive District Officer (AEDO) Revenue Mustafa Jamal Qazi maintained that it had become a practice that land that was awarded to the government was being grabbed by "land mafia...for its vested interests." Pakistan's Anti-Corruption Establishment arrested several in conjunction with the case in December. Siddiqui sued a group of individuals, including the Anti-Corruption Establishment director and a member of EDO Revenue for defamation, indicating that the Citizens-Police Liaison Committee had evaluated land in 2001 and found the ownership of the property legal. In response to the defamation claim, the Sindh High Court issued notices to the defendants, and they were summoned to appear before the court on 5 January 2011. The court issued a restraining order preventing the defendants from "media attack" pending settlement of the matter. The Pakistan Observer characterised these events as a "character assassination campaign" against Siddiqui. On 29 November 2011 the court ruled that the allegations were "false and baseless" and that such cases should not be filed in the future.
References
- ^ Alam, Kazim. "JS Group: the empire built by selling the family car". The Express Tribune. Retrieved 2014-02-02.
- "Mahvash & Jahangir Siddiqui Foundation". Usindh.edu.pk. Retrieved 2014-02-02.
- "Time to Give: Pakistan Needs the World's Help". Charity-charities.org. 2010-12-24. Retrieved 2014-02-02.
- "Jahangir Siddiqui fears losing seats on JSCL Board". News Recorder. 2013-11-25. Retrieved 2014-02-02.
- "Jahangir Siddiqui disown Sultana Siddiqui (Sister) and Shunaid Qureshi (Nephew)". Waqt News. YouTube. 2013-04-10. Retrieved 2014-02-02.
- ^ Land grabbing scam, Qadeer Tanoli, The News, Thursday, December 09, 2010. Thenews.com.pk (9 December 2010).
- Jahangir Siddiqui’s name in FIR for land grabbing, Imran Hafeez, The Tribune, International Herald Tribune, December 8, 2010. Tribune.com.pk.
- CDGK official gets bail in land scam case, Dawn News, December 13, 2010. Dawn.com (14 December 2010).
- ^ Jahangir Siddiqui Case Politically Motivated. Tribune.com.pk.
- Defamation: Jahangir Siddiqui sues for Rs5b, The Express Tribune, January 1, 2011. Tribune.com.pk (1 January 2011).
- Harassment of a Role Model, Pakistan Observer
- ePaper. The Nation (27 March 2012).
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