Tuesday, May 3, 2011

The Bank of Punjab Corruption Scandal

77 Billion Rupees Fraud Report Presented in SC

ISLAMABAD: The Punjab government on Wednesday submitted a report before the Supreme Court on the Bank of Punjab (BoP) scam of Rs9 billion and revealed that former Chief Minister Punjab, Ch Pervaiz Elahi, siphoned Rs5.4 billion from the BoP while Chairman Federal Board of Revenue (FBR), Salman Siddique, approved unlawful credit proposals of Rs1.1 billion in July 2006.

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