M Jahangir Hayat
Reliable sources on the condition of anonymity said that over $110billion money laundering, the SBP warned the HBL that awakened the bank management from the deep slumber which prompted the top management to take action against the lower staff to save their skin.
The sources said explaining the modus operandi said that one bill of lading have been used many time to make payment in abroad through the banking system of the HBL branches in Lahore including Krishen Nagar, Data Darbar, Lake Road and Langa Mandi.
Following the central bank took notice the HBL management involved the FIA and terminated the central character of the incident Incharge Import and Export Hub Asif Aziz, the sources informed.
The sources further said that following the incident the bank management terminated and reprimanded a number of officers and officials including Lahore Regional Chief Mujtuba Naqvi, however, the RC following severely censured resigned from the bank and joined another bank reportedly Bank Alfalah.
The sources said that lower staff was made the escape goat and a number of them including Shahid Lateef, credithead Imtiaz Ahmed, area managers Sohaib Dar, Khawaja Adnan, Ejaz, Ferhat Abbas and other were also terminated.
“For the time being get shocked… its a scam of around 12 Billion PKR caught in HBL 15 people including Regional Heads Trade and Retail Lending, 3 BMS ,3 Boms, 3 Cso have been terminated. SRC Mujtaba Naqvi and 2 AMs Mirza Bilal and Junaid Ul Haq have been reprimanded. 26 more decisions are coming on Monday. All cases are referred to FIA for investigation and Bank is a party now after disowning all these people” this was the message which was circulating in among the bankers of HBL for a long time.
It was reported that FIA finalizing the investigations has arrested nine bankers and two private people.
The sources said that on the other side important and well-known business and political people are involved in the mega money laundering of over Rs 12 billion.
When this scribe contacted HBL marketing head Naveed Asghar and legal head Tahir Cheema to know the bank version they could not be reached despite several attempts.