Little Panama at Home, Politicians got scared with Fake Accounts

Pakistani Politicians scared by fake accounts

Have you ever dreamed of waking up in the morning and receiving news that you have millions in your bank account? Well, it’s a reality for our politicians, sort of. Yesterday major parliamentarians including the Senate Chairman Mian Raza Rabbani, National Assembly Speaker Sardar Ayaz Sadiq, opposition leaders of both the Houses of Parliament Syed Khursheed Shah and Aitzaz Ahsan and parliamentary leaders, including JUI-F head Maulana Fazlur Rehman who received fake receipts for millions of rupees.

According to the fake receipts, these MPs became millionaires yesterday with the supposed bank deposit of PKR 100 million into the bank accounts that interestingly didn’t even belong to them or were maintained by them. This begs the question that how easy it is to create a fake transaction out of thin air?

The deposit receipts showed that the transactions were made using accounts in SME bank. In response, to the complaints the who described them to be fake and explained that such transactions had been reported earlier as well.

The prominent leaders of major political parties have been targeted in a financial scandal, or someone just played an elaborate version of a twisted practical joke. But, if big personalities like them can be targeted there is no hope for the rest of us.

A common man probably would have spent a lot of time shouting at the top of his lungs that he has no clue about the so called millions in his name, unlike the politicians. With the strict banking policies in place such fake deposit receipts that the bank claims have been reported before, a failure of the system or a warning for a bigger problem that the banking sector might face.

Ayaz Sadiq and Khursheed Shah received the receipts in their chambers in the Parliament House whereas Raza  Rabbani got the fake deposit receipt from SME Bank at his Karachi residential address. They have urged an investigation into the fraudulent report and have asked State Bank of Pakistan and FIA to thoroughly investigate the matters. FIA has previously arrested many scammers that stole from ATMs but this is a new domain, and let’s see what they will uncover.

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