Image Alt Text

News

PTI concealed 53 bank accounts, report finds

• Election Commission s Scrutiny Committee finds Rs310m anomaly in funds details: Says was not given access to party’s accounts in Canada and New Zealand

January 4, 2022 05:00 PM


The main points of the scrutiny committee report on the PTI financial accounts have been revealed by the 24NewsHD TV channel on Tuesday.

According to the report, no date has been mentioned on the audit reports of 2012 and 2013. The receipts provided by the audit firms do not match with the bank accounts.

The report says that the audit statement was sent to the PTI central executive committee for approval. It observes that the audit report without having date on it, is against the accounting standards. 

The report has included the details of funds transferred from abroad and details of PTI bank accounts provided by the State Bank of Pakistan.

The accounts details of the PTI provided by an American institute Fora LLC were also a part of the report. 

As per the analysis of the scrutiny team, the PTI revealed 12 bank accounts in foreign funding case while it concealed 53 bank accounts. 

The report says the State Bank revealed that the PTI has got 65 bank accounts. 

In years 2008-9 and 2012-13, the party showed funds amounting to Rs1.33 billion while in reality it received funds totaling Rs1.64 billion. So the report has found an anomaly of Rs310 million, declaring that the PTI provided wrong information to the Election Commission regarding public donations. 

Also Read: ECP rejects PTI request to not make foreign funding report public

The report says the PTI disclosed only 12 accounts out of 77 accounts hiding an amount of Rs310 million. The party hid two bank accounts in 2008-09. It also did not give access to the accounts in Canada and New Zealand. 

The details of undisclosed funds came to the fore after analyzing the information provided by the State Bank of Pakistan. 

Reporter Usman Khan

 

 



Most Read

  1. JIT completes investigation into MD CAT test irregularities JIT completes investigation into MD CAT test irregularities
  2. Sindh education department enforces strict leave policy for newly hired teachers Sindh education department enforces strict leave policy for newly hired teachers
  3. Fans disapprove of Aruba Mirza’s victory in popular TV show Tamasha Fans disapprove of Aruba Mirza’s victory in popular TV show Tamasha
  4. Injection responsible for causing eyesight loss among hundreds in Punjab recalled Injection responsible for causing eyesight loss among hundreds in Punjab recalled
  5. Zara Noor Abbas a vision to behold in deep red attire Zara Noor Abbas a vision to behold in deep red attire
  6. Bird strike grounds PIA Flight in Sialkot Bird strike grounds PIA Flight in Sialkot

Opinion

  1. Orange Line Metro Train: Bridging Nations and Palates – Mr. Yunlin's Unforgettable Moments in Lahore
    Orange Line Metro Train: Bridging Nations and Palates – Mr. Yunlin's Unforgettable Moments in Lahore

    By Ali Ramay

  2. India’s invasion of Kashmir is violation of UN Charter
    India’s invasion of Kashmir is violation of UN Charter

    By Dr Ghulam Nabi Fai

  3. World Suicide Prevention Day: Creating Hope Through Action
    World Suicide Prevention Day: Creating Hope Through Action

    By Dr Asif Channer

  4. Gender equality: A pre-requisite for a balanced society
    Gender equality: A pre-requisite for a balanced society

    By Mehak Sabir

  5. Time to move on and build a better Pakistan
    Time to move on and build a better Pakistan

    By Murtaza Rafiq Bhutto