Money laundering scandal: Bankers Placed on ECL

hussain lawai

The President of United Bank Limited, Summit bank and Sindh bank has been placed on Exit Control List on the direction  Chief justice Pakistan Mian Saqib Nisar on Sunday. The Apex Court has also directed to form a joint investigation team to probe the mega money laundering Case.

During the hearing of the “mega money laundering scandal” involving presidents of banks and politicians of national stature the three-member bench headed by Chief justice Mian Saqib Nisar was told by DG FIA  that the investigation into the scam was initiated on an intelligence tip in 2010. It was informed that the among the accounts used in money 16 were in Summit bank Eight existed in Sindh Bank and five in United bank limited.


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