The judicial commission investigating the Mir Raza case summoned the alleged investors and recorded their statement, as proceedings continued with testimony from multiple witnesses.
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Asad Ali Butt, one of the investors, recorded his statement before the judicial commission, detailing a Rs 2.5 million investment agreement with Mir Raza and Ahmad Bharde, signed months before Mir Raza went missing.
Butt told the commission he reconnected with Mir Raza in 2022 after a long gap. The two had previously known each other through public-speaking activities.
In late 2025, Butt said, Mir began promoting Wafflix and seeking investment. Mir told him he was doing business with Ahmad Bharde. Butt said he was interested in the venture but insisted that any investment arrangement be formally documented.
In December 2025, Butt signed an investment agreement with Mir Raza and Ahmad Bharde in Wafflix’s name. He invested Rs 2.5 million through banker’s cheques from his mother’s account.
Under the agreement, he was to receive Rs 4 million by December 2026. Mir issued a Rs 4 million cheque in return.
Butt said Mir made payments every two months and returned Rs 1.4 million of the investment. When payments were delayed, Butt’s mother contacted Mir, who assured her that the outstanding amount would be paid.
On July 21, Butt said, he met Mir, who told him that if he urgently needed money, he could arrange payment by selling the car. They also discussed a flat Mir wanted to purchase.
On July 27, Butt said he needed money for car-related expenses and messaged Mir in the evening. He clarified that he was not demanding repayment but needed payment related to the car. Mir did not respond.
On July 28, Butt noticed that Mir’s social media account had been deleted. When he called Mir, the phone was switched off. He contacted the shop and learned that Mir was missing.
After Mir’s disappearance, Butt contacted Ahmad Bharde through the shop’s social media account. Ahmad confirmed that Mir was missing. Butt then disclosed details of his investment agreement, which he said had also been signed by Ahmad.
Before the commission, Butt denied having invested in cryptocurrency or stocks. He said his dealings with Mir were related to the Wafflix business only.
Hassan Tanoli Records Statement From Australia
Muhammad Hassan Khan Tanoli, appearing via video link from Australia, told the commission that he had known Mir since their O-Levels and was also friends with Ahmad Bharde.
Tanoli said Mir initially borrowed Rs500,000 from him and repaid the amount within the agreed period. He later claimed that Mir sought funds as investment in Wafflix, receiving Rs7.5 million from him, including cheques worth Rs800,000 and Rs2.5 million and additional cash.
He said Mir also discussed business ventures, including a branch in Hyderabad and a cloud kitchen in Defence. Tanoli added that he had introduced Mir and Ahmad to a scrap dealer for a potential business venture.
After Mir went missing, Tanoli said he informed Ahmad and contacted his uncle. He denied making any cryptocurrency investment with Mir, saying the Rs50,000 he received was given voluntarily by Mir after he had provided Rs1 million.
Tanoli said he never demanded repayment from Mir’s family and learned of Mir Raza’s death through social media. He also confirmed that Rs1 million had been transferred through a bank.
During cross-questioning, advocate Jibran Nasir questioned how Ahmad could have been unaware of the Rs7.5 million allegedly taken as an investment in Waflex. Tanoli maintained that he had never discussed the repayment with Ahmad.
The commission later thanked Tanoli and concluded his statement.
