The Swiss government has had 17 bank accounts, with funds totalling Pound 8.7 million, frozen on the basis that there is sufficient evidence that they contained money obtained illegally. The paper says that any suggestion that Zardari was amassing this fortune without Benazir's knowledge cannot possibly be correct as her close personal friends also received large payments from these accounts, which they have not denied.

Among those who are being investigated for receiving money from Benazir Bhutto areVictoria Schofield, her biographer and friend from Oxford, who is a co-signatory to one of Zardari's London accounts. The leaked Swiss dossier apparently contained signed letters offering commission from multinationals in return for Pakistani government contracts; deeds of incorporation of secret front companies to receive the kickbacks; letters of agreement between French, Middle Eastern and Swiss companies for payment of commissions to British off-shore companies and transfers and deposits of millions of dollars between Swiss bank accounts.

According to the paper, `` the name `Zardari was scattered throughout' so was `Nusrat Bhutto', and scribbled down in a hand-written cash ledger was also the famous `BB'...''The transactions invariably involved British offshore companies, the ownership of which were disguised with the use of nominee directors. At least five such companies, based in the British Virgin Islands had been set up by Schlegelmilch between 1990 and 1995. The companies links to theBhutto-Zardari family were traceable. The ST says that shareholder agreement and secret bank mandate documents made available to them ``indicate that, if genuine, the real owner was either Zardari or Nusrat Bhutto.''

Besides this, the paper says the Swiss Bank accounts of these companies also showed a series of money transfers to London including to Asif Zardari's own bank accounts.The paper says that investigators also found that the dossier includes a notes about one offshore company made by the Bhutto's Swiss lawyer which states ``50% AAZ = 50% BB,'' this they say, is a suggestion of the division of spoils between Benazir and Zardari.

Among the companies that the Bhutto-Zardaris did deal with were the French manufacturers of Mirage, Dasssault, who were to pay 5 percent on a $ 4 billion deal which fell apart when Benazir's government was dismissed in 1996. Two Swiss companies, Societe Generale de Surveillance and Cotecena, who were awarded a contract to supervise Pakistan's customs service did pay.

SGS admitted to paying a substantial commission to Schlegelmilch. This admission fits in with information from the document which showed that the money had been paid into the accounts of Bomar Finance Incorporated, which is owned by Asif Zardari. A Dubai-based gold dealer, Abdul Razzak Yaqub, is also supposed to have paid cash to Capricorn Trading another off-shore company said to be owned by Zardari.