ISLAMABAD: The mega financial scandal of Habib Bank Limited (HBL) was exposed as overseas Pakistanis began to fall prey to HBL’s mega fraud.
The National Accountability Bureau (NAB) in Azad Kashmir has piled up more than 50 complaints against the alleged looting of Habib Bank Limited in Azad Jammu and Kashmir (AJK).
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Taking evidence into consideration, the Accountability Bureau has indicted the officers involved in the fraud, however, the bank remained silent on the matter. The State Bank of Pakistan and the Ministry of Finance became silent spectators to the looting of Habib Bank Limited (HBL).
حبیب بینک لمیٹڈ کا بڑا مالیاتی سکینڈل سامنے آ گیا ، اوور سیز پاکستانیز حبیب بینک کے میگا فراڈ کا شکار ہونے لگے#ABNNews #HBL #HBLscandal #overseaspakistani pic.twitter.com/A5VsWAhqeq
— ABN NEWS (@abnnewspk) April 2, 2024
HBL officers were found guilty in more than 29 cases filed by the National Accountability Bureau. The officers and employees of Habib Bank with criminal mindsets filled their pockets by taking advantage of their powers.
According to the documented evidence available with Daily Ausaf/ABN News, the officers of HBL have embezzled more than Rs 5 crore 50 lac in these cases. In most cases, fraudulent withdrawals and loan files are signed by the account holder.