PA panel to probe corruption, illegal appointments in Bank of Khyber

Peshawar

Khyber Pakhtunkhwa Assembly Monday constituted a special committee for inquiry into alleged corruption and illegal appointments into the provincial bank, the Bank of Khyber (BoK).
The issue was raised by the parliamentary leader of ANP Sardar Hussain Babak through a call attention notice, who said that the Bank of Khyber was a precious asset and source of earning for the provincial government, but, unfortunately now it is facing losses.
He said that the BoK had lost Rs.110 million in 2016 and if the trend continued then its loss by the year 2018 would go up Rs.3 billion. The private shares holders, he said are earning millions of rupees, but, the government was in loss.
He alleged that 1450 illegal appointments have been made in the bank during the last four years while five officers have been punished and dismissed from service for pinpointing them.
Sardar Hussain Babak said that Chief Minister had assured the house for presenting inquiry report into the affairs of the bank, but it could not be presented till date. He asked the Speaker Asad Qaiser to constitute a special committee consisting with the representatives of all parliamentary parties.
The Minister for Finance, Muzaffar Said Advocate also supported Sardar Hussain Babak and said that he had transferred the Chairman of the Board concerned Owais Ahmad Agha for violation of rules and regulations.—APP

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