Alleged multibillion-rupee fraud at National Bank of Pakistan’s Ghotki branch reaches the Senate as Senator Saifullah Dharejo questions fund misuse and investigation progress.
ISLAMABAD: Allegations of a multibillion-rupee financial fraud at the National Bank of Pakistan’s Ghotki branch have reached the Senate, where Senator Saifullah Dharejo raised concerns over the alleged misuse of funds and its impact on public trust.
Speaking in the Senate, Dharejo alleged that the bank’s management had invested billions of rupees belonging to account holders and various mill owners in other businesses for personal interests without their consent or knowledge.
He said the alleged transactions had damaged the bank’s reputation and undermined the confidence of customers who entrusted their money to the financial institution.
According to the senator, the Ghotki branch handled substantial financial interests, including funds and banking facilities associated with different mill owners. He expressed concern that the alleged use of customers’ money without their permission raised serious questions about the bank’s financial management and accountability.
Dharejo also pointed out that the Federal Investigation Agency (FIA) was investigating the matter. However, he claimed that no action had been taken so far, despite the seriousness of the allegations.
The issue has raised concerns about the protection of depositors’ funds, the oversight of banking operations and the effectiveness of mechanisms designed to prevent financial irregularities.
The allegations also highlight the importance of transparency in financial institutions, particularly when handling customers’ deposits and providing banking facilities to businesses.
No details were provided regarding the exact amount allegedly involved, the identities of those responsible or the status of the FIA’s investigation beyond the concerns raised in the Senate.
The allegations have not been independently verified, and no official findings establishing wrongdoing were included in the available information.
The case now faces scrutiny at the parliamentary level as questions remain about the alleged transactions, the investigation’s progress and whether accountability measures will follow.
Further clarification from the National Bank of Pakistan and the FIA could help establish the facts surrounding the case and determine whether any financial rules or legal provisions were violated.
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