ISLAMABAD
(PR): The Senate Standing Committee of Finance on Thursday met to discuss
the Abandoned Properties Organisation (APO) case, as one of the agendas of the
meeting in the context of the loss of billions of rupees.
Responding to a
query from Committee Chairman Senator Saleem Mandviwalla, NBP President Syed
Iqbal Ashraf stated that the funds were syphoned off from HBL, and not NBP. He
further said that following the formal instructions of APO officials, all funds
were remitted to HBL for onward credit to APO, which was then credited by HBL
to the account of another company not owned by APO.
“This was a
fictitious company set up only for the purpose of defrauding APO of billions of
rupees”, Ashraf said while adding that the total sum of such transfers totaled
Rs1.54 billion according to NBP’s records.
Upon being
questioned over proofs pertaining to his statement, Ashraf said that the
internal investigation revealed this case following submission of all documents
to FIA as a matter of proof.
“In its urge to
secure the interests of its client, NBP had acted with promptness to secure the
interest of its client right after a query was received from Allah Yar,
administrator of APO, after which an internal inquiry was launched following an
FIR being registered on the same resulting in the arrest of several people,” he
added. The senators requested HBL to present its stance to the Standing
Committee in the next scheduled meeting.
No comments:
Post a Comment