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Money laundering and corruption run deeper than a rabbit hole in this country. With the hike in oil prices and indirect taxations, it is the poor people that end up sacrificing their lives and wealth as a result of inflation. The elite of Pakistan remains unaffected and unbothered. Moreover, they are busy looting the wealth of the country and pumping the stolen money abroad. Not to mention have the audacity to deny all claims against them with confidence.
“At least Rs 5 Trillion black money is hidden in Pakistani homes,” says Aqeel Karim Dhedhi. He was awarded Sitar-e-Imtiaz, earlier in this March on 23rd for his services to the nation.
Changing The Design Of the Bigger Notes Can Be One Step Towards Financial Stability Of Pakistan
It has been suggested that immediate action should be taken towards changing the design of 5000, 1000 and 500 rupee notes by the State Bank of Pakistan. Moreover, upon changes, a 30-day notice should be issued where it is advised to all to deposit their cash money in the bank or else their larger notes will become invalid. This move will bring some financial stability to the nation, and a solution in getting the looted money back in the banks.
Speaker Of Sindh Assembly, Agha Siraj Durrani – A Big Corrupted Fish That Got Caught
According to the Pakistani media “Pakistan’s Supreme Court has been informed that transactions of more than 5 trillion rupees have been carried out through 107 fake bank accounts, the authorities said.”
It is clear that these large transactions cannot be carried out without the help of corrupted bankers. More importantly, the printing of high-value currency notes, which then makes an easy case to carry out money laundering.
FIA (Federal Investigation Agency) has submitted a report to the apex court, after their thorough investigation and reported that nearly 47 billion Pakistani rupee transactions have been carried out through fake bank accounts. Moreover, 54 billion Pakistani rupees were transferred through false accounts of 36 companies.
Asif Ali Zardari and His Sister Faryal Talpur Make It To The Exit Control List
It wasn’t long until Asif Ali Zardari’s assets were also given a keen look at. Most of the political leaders are corrupted and have looted massive amounts of wealth from Pakistan. These people are not just rich, but ‘filthy rich’. Asif Ali Zardari and Faryal Talpur along with some of their associates are accused of transferring Rs.35 billion abroad with the help of fake bank accounts. This has landed them both in the ECL.
FIA has also reported that nearly 10 influential political personalities are presumably involved in the transactions worth 35 billion rupees. Asif Zardari, Faryal Talpur and seven more individuals used nameless accounts to make these large transactions. According to the reports.
4 Billion Rupee Transaction Carried Out From a Non-Existant Man’s Bank Accounts
FIA’s probe revealed that transactions of about 4 bln rupees were done through several bank accounts opened in the name of a man that has been long deceased. Mohammad Iqbal had left this world on May 9, 2014, but supposedly has fake accounts in his name in various branches of the same bank.
