Former banker Younis Habib passes away

He was a central figure in Asghar Khan case, Mehran Bank scandal

KARACHI: Younis Habib, a central figure in the Asghar Khan case and the Mehran Bank scandal, died on Wednesday at the age of 76.

Habib, a former banker, had been suffering from a protracted ailment.

His funeral prayers were offered in a local mosque attended by a large number of friends and relatives. He left behind a son, three daughters and wife.

He started as a bank clerk but reached the top position of a president in a short span of time.

He was arrested on various occasions on charges of fraud and remained behind the bars for a long time.

The biggest financial scandal against him came in the form of Mehran Bank or the Mehrangate.

Once considered close to the top leadership of PPP, he later played a major role in the removal of Benazir Bhutto’s government in 1990, and the success of Islami Jamhuri Ittehad (IJI) in the election.

During a court hearing of Asghar Khan case in 2012, he admitted in the Supreme Court that he distributed millions of rupees to many politicians and IJI leaders.