The investigations has revealed that 7 fake and secret accounts of PTI have been been identified.
Of these, one is from the office of Etihad JV which was closed down by the FIA on June 1st when it was gathered that the owner had been defrauding his investors by using fake bank documents to secure loans from international banks.
This investigation revealed that 7 fake and secret accounts of PTI have been created by FIA. During the investigation, it was found that these accounts have received loans worth Rs 8 million from 9 different commercial banks including State Bank of Pakistan (S.B). The loans were given on different dates. Non-availability of records for accounting purposes has resulted into massive losses for the bank which stands at Rs 12 million
Bureau of investigation agent have revealed that seven fake and secret accounts of PTI were found during the investigation.
The FIA further said that all the funds had been transferred from these accounts to fictitious companies, real estate firms and others. The agency claimed that remaining bank deals have not been made public as they were related to offshore companies.
The Special Investigation Team (SIT) probing money laundering in Pakistan Tehreek-e-Insaf (PTI) has discovered 7 fake and secret accounts of Prime Minister Imran Khan’s party, the Federal Investigation Agency (FIA) said on Wednesday. One account was registered under the name of Firdous Ashiq Awan, another under the name of Waseem Gulzar, a third under that of Faheem Ashraf Qureshi and four other secret accounts were registered in the names of Salma Jahangir, Mian Muhammad Yousuf, Amir Muhammad Akbar and others.
How the loans were being donated: One of the methods used by PTI was to make donations to various business groups and associations. These organisations would then funnel the money into their bank accounts, which are under their control. The investigation revealed that sales tax had not been paid on these transactions. All the bank accounts in question were fake and secret accounts owned by different business entities suspected of being fronts for PTI donors.
Investigating the fake accounts and transfer transactions made in the past one year, FIA has unearthed 7 fake and secret accounts of Pakistan Tehreek-i-Insaf. The fake accounts have been discovered through bank transfers originating from various institutions in different countries, including Panama and Dubai.
Inspectors found three firms were paid over Rs 1.25 lakh each by PTI to obtain and submit fictitious audit reports of the party.
The main purpose of the report was to fabricate signatures on the report, which gave it credibility.”
The State Bank of Pakistan (SBP) has today said that it has not found any evidence of misuse of bank funds during the investigation into loans obtained from various sources. Sources told The Nation that their probe had so far revealed that 7 fake and secret accounts of the PTI were held.