Pakistani American venture capitalist gets 12 years imprisonment

Published February 20, 2021
In this Nov 22, 2019 file photo, Imaad Zuberi, left, leaves a federal courthouse with his attorney Thomas O'Brien, second from left, in Los Angeles, US. — AP
In this Nov 22, 2019 file photo, Imaad Zuberi, left, leaves a federal courthouse with his attorney Thomas O'Brien, second from left, in Los Angeles, US. — AP

WASHINGTON: A US federal judge sentenced an American venture capitalist of Pakistan origin to 12 years in prison for falsifying records to hide his work as a foreign agent while lobbying high-level US officials.

Imaad Zuberi, a California resident, was also fined $1.75 million and ordered to pay $15.7 million in restitution.

In December 2016, Mr Zuberi had donated $900,000 to the Trump inaugural committee. He was a top fundraiser for president Barack Obama’s re-election campaign in 2012 as well.

He donated at least $100,000 for Hilary Clinton’s 2016 presidential campaign and also raised funds for Republican Senator Lindsey Graham in 2014, and then-California Attorney General Kamala Harris, now vice president, in 2015.

Mr Zuberi, 50, was born in Pakistan, migrated to the United States with his parents when he was three years old and eventually became an American citizen.

In October 2019, he pleaded guilty to violating lobbying, campaign finance and tax laws through campaign contributions to members of both Republican and Democratic parties.

In 1996, he served in the US Army for about six months and was honourably discharged because of a knee injury.

Mr Zuberi grew up in Albany, New York, but earned a B.Sc in 1997 from the University of Southern California and an MBA in 2006 from Stanford University.

“The violations were part of a larger surreptitious effort to route foreign money into US elections and to use it to corrupt the US policy-making processes,” prosecutors said in a court filing.

They urged the court to reject Mr Zuberi’s claim that funnelling money to influence US policy-making and elections was the “way America works”.

Prosecutors accused Mr Zuberi of soliciting foreign nationals and representatives of foreign governments, offering to use his influence in Washington to alter US foreign policy and to create business opportunities for his clients.

US media outlets claimed that Mr Zuberi “went to great lengths to pull off his scheme, hiring lobbyists, retaining public relations professionals and making campaign contributions” to enhance his influence.

Prosecutors claimed that illegal money was funnelled from foreign entities over five years between 2012 and 2016, but did not reveal the source of those funds.

They accused Mr Zuberi of soliciting members of the House of Representatives, the Senate Foreign Relations Committee and other powerful politicians as well to secure favours for his clients.

Published in Dawn, February 20th, 2021

Opinion

Editorial

Ties with Tehran
Updated 24 Apr, 2024

Ties with Tehran

Tomorrow, if ties between Washington and Beijing nosedive, and the US asks Pakistan to reconsider CPEC, will we comply?
Working together
24 Apr, 2024

Working together

PAKISTAN’S democracy seems adrift, and no one understands this better than our politicians. The system has gone...
Farmers’ anxiety
24 Apr, 2024

Farmers’ anxiety

WHEAT prices in Punjab have plummeted far below the minimum support price owing to a bumper harvest, reckless...
By-election trends
Updated 23 Apr, 2024

By-election trends

Unless the culture of violence and rigging is rooted out, the credibility of the electoral process in Pakistan will continue to remain under a cloud.
Privatising PIA
23 Apr, 2024

Privatising PIA

FINANCE Minister Muhammad Aurangzeb’s reaffirmation that the process of disinvestment of the loss-making national...
Suffering in captivity
23 Apr, 2024

Suffering in captivity

YET another animal — a lioness — is critically ill at the Karachi Zoo. The feline, emaciated and barely able to...