Friday, September 25, 2020
Home News Reports Imran Khan's party accused of operating 18 undeclared bank accounts

Imran Khan’s party accused of operating 18 undeclared bank accounts

It is reported that details of these illegal accounts and their money trails could put Khan and many senior officials in his government in legal jeopardy as they are principal and co-principal signatories of these accounts

Actor turned politician, Imran Khan might face legal complexities as a media report on Thursday quoted a report by Pakistan’s central bank as saying that Pakistan’s Prime Minister’s party has been operating 18 ‘undeclared’ bank accounts within the country.

According to a report submitted by the State Bank of Pakistan (SBP) to the Election Commission of Pakistan (ECP), the Pakistan Tehreek-i-Insaf (PTI) has been operating 26 bank accounts in different parts of the country out of which only 8 have been declared before the commission, as reported by Dawn.

The remaining 18 bank accounts fall in the category of fake or illegal bank accounts as these have not been declared in PTI’s annual audit reports submitted to the ECP as required under the law, the report said.

It is a legal requirement for all party heads to attach a certification of authenticity and accuracy duly signed by PTI Chairman, Imran Khan, along with the audit report However, it is being feared that details of these illegal accounts and their money trails could put Khan and others, some senior office holders in Khan’s government, in legal jeopardy as they are principal and co-principal signatories of these accounts, the report said.

- Advertisement -

In July 2018, failing multiple attempts to acquire PTI’s bank statements and records, the ECP reportedly wrote to the SBP to avail the party’s bank statements. Following which the central bank wrote letters to the presidents of all scheduled banks, seeking PTI’s bank statements for the period 2009-13 to be submitted to the ECP by July 16.

Finally, on receiving all documents, the ECP revealed the fraudulence of fake or illegal PTI accounts in the presence of the party’s representatives at a meeting of the scrutiny committee last year, after which the PTI stopped cooperating with the ECP, which was clearly visible as none of the PTI representatives were reportedly present in the scheduled scrutiny committee meeting on Wednesday, the report confirmed. The meeting was subsequently adjourned.

The PTI has been trying hard to keep the scrutiny committee’s proceedings as secret and had also filed an application to this effect in the ECP and also a writ petition in the Islamabad High Court. PTI’s founding member and the petitioner, in this case, Akbar S. Babar has termed the whole episode as the biggest funding fraud and said that it probably required a detailed forensic audit to know the exact extent and depth.

  Support Us  

Whether NDTV or 'The Wire', they never have to worry about funds. In name of saving democracy, they get money from various sources. We need your support to fight them. Please contribute whatever you can afford

OpIndia Staffhttps://www.opindia.com
Staff reporter at OpIndia

Related Articles

Trending now

‘He pushed me on the sofa and forced himself on me’, says actress who accused Anurag Kashyap of rape: Here is what she told...

After an initial delay, police registered an FIR against Anurag Kashyap and initiated an inquiry into the sexual assault case

Delhi Riots: WhatsApp chats acquired by OpIndia show how some anti-CAA protestors were aware that violence was planned, discussed ‘de-escalation’

The WhatsApp chats accesses by OpIndia show that some individuals were aware that some anti-CAA groups had fanned the violence and they now need to de-escalate.

Illegal Christian Cross and Jesus statue removed from government land following High Court order in Karnataka: Details

District administration removed a Christian Cross and a statue of Jesus Christ, which was illegally put up, on Susai Paliya Hill in Chikkaballapur in Karnataka.

India Today editors’ tussle with Republic TV is ruining their own credibility, one tweet at a time: Read how

Rahul Kanwal and Rajdeep's sly, targeted tweets against Republic TV are only helping to take their own credibilities further down, and exposing their own hypocrisy.

Separated from her family, kidnapped, converted to Islam and sold for an Ox: Story of Daphia who finally found her family in India

An old woman in Pakistan who was separated from her family during the partition, was abducted and converted to Islam, has finally united with her family in India over a phone call.

India Today journalists whine about media coverage on Deepika summons by NCB only to tail her car giving live updates from Goa

The leftists claimed that the summon sent to Deepika Padukone was timed to distract the nation from the farmers protest

Recently Popular

KWAN representative told me that I need to attend Karan Johar Parties to make a comeback to movies: Suchitra Krishnamoorthi

One of the main things is that you need to be seen at Karan Johar's parties, KWAN representative had told Suchitra Krishnamoorthi

Chief of Chief Minister’s Medical Assistance Cell in Maharashtra breaks down while describing the coronavirus situation in the state

In the video, the chief of medical assistant cell in Maharashtra says that he has lost all hopes and that court is the only ray of hope now

India Today editors’ tussle with Republic TV is ruining their own credibility, one tweet at a time: Read how

Rahul Kanwal and Rajdeep's sly, targeted tweets against Republic TV are only helping to take their own credibilities further down, and exposing their own hypocrisy.

Parliament sees its most productive session: Here is a summary of all the 25 Bills passed by the Modi government in Lok Sabha

A total of 25 bills were passed during the just concluded monsoon session of the parliament some of which are very significant bills

Ranveer Singh asks Narcotics Bureau to allow him to accompany Deepika Padukone during interrogation due to her ‘anxiety issues’

Bollywood actor Ranveer Singh, the husband of Deepika Padukone, has asked NCB whether he can be present during his wife’s interrogation

ABP journalist manhandles and slaps psephologist Pradeep Bhandari

Pradeep Bhandari was in Mumbai near the Narcotics Control Bureau (NCB) covering the bollywood drug abuse scandal.

“People are deeply hurt”: Congress-ruled Rajasthan press for coercive action against journalist Amish Devgan in alleged defamation of Moinuddin Chisti

Amish Devgan had inadvertently referred to Sufi Saint Moinuddin Chisti as "lootera" while commenting on Muslim ruler Alauddin Khilji

Transparency for thee but not for me: Here’s why foreign funded NGOs hate the FCRA amendment bill

The proposed amendment has restricted the administrative expenditure of the NGOs to 20% of the total foreign contribution.

‘He pushed me on the sofa and forced himself on me’, says actress who accused Anurag Kashyap of rape: Here is what she told...

After an initial delay, police registered an FIR against Anurag Kashyap and initiated an inquiry into the sexual assault case

Deepika Padukone was the admin of the drug chats WhatsApp group, says Times Now report

Deepika Padukone kas been summoned by the NCB for interrogation on Saturday.

Delhi Riots: Defenders of Umar Khalid reach the third stage of grief, they are now ‘bargaining’ with Police for action against Kapil Mishra and...

The defenders of Umar Khalid appear to have reached the third stage of grief after ranting and raving against their arrest.

Cardinal Angelo Becciu, one of the most powerful in the Vatican, resigns amidst financial scandal allegations

Becciu, who was one of the most powerful in the Vatican’s secretariat of state, has been implicated in a financial scandal involving the Holy See's investment in a London real estate deal that resulted in loss of millions of Euros for the Vatican

Fact Check: No, Sunil Gavaskar didn’t make sexist comment against Virat Kohli’s wife Anushka Sharma during an IPL game

Sunil Gavaskar was referring to a video of Virat Kohli & Anushka Sharma playing cricket,, didn't make any sexist comment

Triple Talaq case petitioner Ishrat Jahan files police complaint after in-laws allegedly tried to rape, harass and assault her

Ishrat Jahan has lodged a complaint against her husband and brother-in-law at the Golbari police station in Howrah, West Bengal.

Legendary singer SP Balasubramanyam passes away at 74 after battling Coronavirus

Legendary singer SP Balasubramanyam, who had tested positive for Covid-19, passed away today at the age of 74.

Election Commission announces three-phase Bihar assembly election, counting to take place on 10th November

The voting for Bihar election assembly will take place on 28 October, 3 November and 7 November

Connect with us

244,181FansLike
455,420FollowersFollow
16,900SubscribersSubscribe