Corruption: BOK terms MPA’s allegations ‘politically motivated’

Published: August 17, 2017
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The bank management accused the finance minister of putting pressure when his demands were not entertained. PHOTO: FILE

The bank management accused the finance minister of putting pressure when his demands were not entertained. PHOTO: FILE

PESHAWAR: The Bank of Khyber (BOK) management on Wednesday refuted the allegations made by former Pakistan Tehreek-i-Insaf minister regarding appointment of the bank’s managing-director

Levelling corruption charges against Chief Minister Pervaiz Khattak and Finance Minister Muzafar Said, MPA Ziaullah Afridi on Tuesday declared the appointment of the BOK MD a big scandal.

The former minister alleged that scores of people, including the managing-director and members of board of directors had been appointed to the BOK illegally and in violation of merit. He also demanded a probe into what he called “irregularities” in the grant of loans by the BOK to influential people from other provinces.

The bank management in a statement refuted the allegations. Bank’s legal adviser Abdul Rauf Rohaila called them “incorrect, malicious, based on bad faith, and a figment of their own imagination”.

He said the bank’s board of directors would discuss future line of action regarding the allegations in its next meeting.

He termed Zia’s allegations politically motivated and added they were an attempt to tarnish the image of the bank.

Rohaila advised the bank to take legal action against Zia through appropriate forum.

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