'Penniless Billionaire.' Pakistani Ice Cream Vendor Investigated Over Surprise $18.6 Million Fortune

[KAMDEV]

Theoretically speaking, can government confiscate all these fake accounts?

Yes it will be confiscated.

 

[Novice09]

What about those bankers who let this to happen... varification of documents was done by whom???

 

[HRK]

Theoretically speaking, can government confiscate all these fake accounts?

yes .....

 

[Sugarcane]

How we can ask state bank to provide facility to check bank accounts against our CNIC just like PTA's facility to check mobile connections? I can't go to every bank to check that my ID isn't being used for fake accounts? What about telecom companies providing financial services? If this is state of banks despite having all rules and regulations and under watch of SBP then what will be happening in mobile banking ?

 

[HRK]

How we can ask state bank to provide facility to check bank accounts against our CNIC just like PTA's facility to check mobile connections? I can't go to every bank to check that my ID isn't being used for fake accounts?

Currently this is not possible but after this scandal it might become a reality

 

[Dubious]

Transactions of Rs74.4m made from mysterious bank account of Sialkot man

SIALKOT: Another case of mysterious bank activity emerged on Saturday as transactions of millions were found to have been made from the account of a resident of Sialkot.

Muzakkir Hussain had gone to open an account in a private bank when it was revealed there was another account open under his name in Lahore.

According to the 75-page-long statement obtained from the bank, transactions of Rs74.4 million were made from his account that also received hefty sums from Karachi and Swat.

The bank has released a letter verifying the incorrect use of the account.

Hussain has admitted his suspicions that his account might have been used for terrorist activities.

A series of mysterious deposits such as this have surfaced in recent days, as the Federal Investigation Agency (FIA) continues its probe in a high-profile money laundering case involving fictitious ‘benami’ bank accounts.

On October 10, Sarwat Zehra, a resident of Karachi’s Korangi area found that millions were deposited in her bank account when the Federal Board of Revenue issued a tax notice to her.

Earlier, the FIA found an account in a private bank in Karachi which contained Rs173 million belonged to an unemployed youth, Asad Ali, from Jhang.

In another case, a mysterious bank deposit made an unsuspecting man from Hyderabad an overnight millionaire. Pardeep Kumar, a driver by profession, was stunned to find Rs49,954,432 listed on his ATM slip when he withdrew his salary on October 8.

The agency traced a trade account of a student from Larkana with millions of rupees, a week after it found Rs2 billion in a food vendor’s bank account.

https://www.geo.tv/latest/214659-siplay

 

[313ghazi]

How can I check if I have a secret bank account with millions of rupees?

 

[Dubious]

How can I check if I have a secret bank account with millions of rupees?

Go to bank or withdraw money from ATM? Or wait for FBR to come knocking for tax collection?

 

[BATMAN]

They are all a big mafia

 

[HRK]

How can I check if I have a secret bank account with millions of rupees?

State Bank is considering every account opened before 2016 to get verified through biometric verification system this may be announced soon in few weeks or month time.

 

[El Sidd]

He should become a politician. End of story.

 

[Kamikaze Pilot]

PAKISTAN IS A POOR COUNTRY WITH RICH PEOPLE. INDIA IS A RICH COUNTRY WITH POOR PEOPLE.

 

[insight-out]

PAKISTAN IS A POOR COUNTRY WITH RICH PEOPLE. INDIA IS A RICH COUNTRY WITH POOR PEOPLE.

The reverse is also true for both countries.

 

[Jinn Baba]

Really wished he found out about it in time and took the money out - I would rather some poor soul like his have it (regardless of where it came from) than the likes of Zardari.

 

[Solomon2]

...On October 10, Sarwat Zehra, a resident of Karachi’s Korangi area found that millions were deposited in her bank account...
In another case, a mysterious bank deposit made an unsuspecting man from Hyderabad an overnight millionaire. Pardeep Kumar, a driver by profession, was stunned to find Rs49,954,432 listed on his ATM slip...

These two cases probably shouldn't be classed with the others. That's because these accounts had already been opened by people under their genuine identities; it could have merely been the case that someone else wrote the wrong account number on a deposit slip.

The standout cases are those accounts that were opened under false identities.