SBP report unearthed PTI operating 18 undeclared bank accounts
ISLAMABAD: State Bank of Pakistan (SBP) has submitted a report to the Election Commission of Pakistan (ECP) which has unearthed that the Pakistan Tehreek-i-Insaf (PTI) is operating at least 18 undeclared bank accounts throughout the country.
Information gathered in the light of scheduled banks and submitted to the ECP specifically states that PTI is operating 26 bank accounts in different cities of the country, out of which only eight of them have been declared before the commission. While the remaining 18 bank accounts tends to be fake or illegal bank accounts as these have not been declared in PTI’s annual audit reports submitted to the ECP which is pre-requisite under the law.
It must be mentioned here that the annual audit reports submitted to the ECP needs certification of authenticity and accuracy by PTI chairman Imran Khan.
Following to this, it is feared that information of these illegal accounts and their money trails might put PM, Imran Ismail and some others holding key positions in the incumbent government in jeopardy as they are principal and co-principal signatories of these accounts.
Sources disclosed that these undeclared bank accounts, including two in Karachi and one each in Peshawar and Quetta, had been shared at a meeting of the ECP’s scrutiny committee headed by the commission’s director general (law) in October last year.
In July 2018, the ECP wrote to the SBP to requisition the party’s bank statements. Consequently, the SBP wrote letters to the presidents of all scheduled banks in this regard to get the bank statements for the period 2009-13 to be submitted to the ECP by July 16, which was finally done.
Sources further disclosed that the PTI has stopped cooperating with the ECP after these revelations since last year including the recent absence of any PTI representative in the scheduled scrutiny committee meeting on Wednesday.