BoP Scam — The Fix Is On Again

So much for “free judiciary”! Appears the Bank of Punjab Scam is all set to be swept under the rug along with other such scams not even getting a mention.

Today we hear NAB is all set to “plea-bargain” with the suspects (Haris Steel) and give them a “clean chit”:

NAB may accept plea bargain by BoP culprits
“Wednesday, December 02, 2009
By Usman Manzoor

ISLAMABAD: All is set for the culprits of the Bank of Punjab (BoP) Rs 9 billion fraud, the biggest scandal of the country’s banking history, to negotiate a plea bargain with the National Accountability Bureau (NAB) and get a clean chit…”

That this is happening is really no surprise. Remember the guys heading NAB are the very same ones appointed by Musharraf under who’s watchful eye, this and other such scams were perpetrated.

What this story fails to mention (as does this story in The News) is that the BoP scam is not a scam of Rs 9 billion but Rs160 Billion plus and the main beneficiaries are the Chaudhrys of Gujrat and guys like former Chief Secretary of Punjab, the then Chairman Board of Directors, BoP (and today Federal Secretary Finance — yes, the fox is guarding the hen-house) Salman Siddique.

Also no mention is made of the fact that these culprits also robbed Faysal and Allied Banks the same way but no mention is being made of that.

Other scams making news today:

Most of Rs100bn loans written off in Musharraf era
By Rauf Klasra

ISLAMABAD: Industrialists, military men and politicians have got loans of over Rs100 billion written off from banks since 1985, the National Assembly Secretariat record has revealed.

A big chunk of loans was written off during the regime of former President Pervez Musharraf.

The beneficiaries also included politicians-cum-industrialists and a group of the print media that later joined the electronic media….

Babar sees it (loan-defaulters) as mother of NRO

ISLAMABAD: Minister for Parliamentary Affairs Dr Babar Awan on Tuesday said from 1985 to 1993 and from 1999 to 2003, loans amounting to billions of rupees obtained from 30 banks and financial institutions were written off.

Talking to media persons here, the minister said three big business families, three influential political families and retired generals borrowed the credit. He described the waiving off of the loans as the “Mother of the National Reconciliation Ordinance (NRO).” He said the record of all those, who got the loans waived, was available with the National Assembly.

He said the loans were waived from 30 banks and financial institutions. They included the Habib Bank, National Bank, United Bank, Pak-Kuwait Investment Company, Saudi-Pak National Development Finance Corporation, Industrial Development Bank, Muslim Commercial Bank, Pak-Libya Holding Company, Investment Corporation of Pakistan, Allied Bank, Zarai Taraqiati Bank, Regional Development Company, TFC, National Investment Trust, Small Business Finance Corporation, CB Fund, Services Corporation, National Industrial Corporation and Mercantile Finance….

I get to keep Rs 524.5 Million I stole

(No surprise he also does not name names for that will have to include Gilani’s wife, among others. Also don’t forget Gilani’s wife’s name was on the list of NRO beneficiaries NAB first handed to the parliament but was removed at PM’s protestations. Five other names removed were Syeda Samina Abrar, Anwar Nasreen, Ziaur Rehman, Khalid Hussain and Nasreen Munawar Chaudhry , ALL partners-in-crime of Mrs Fauzia Yousaf Gilani)

Allotment of state land in Karachi being probed, SC told
ISLAMABAD: The Supreme Court (SC) was informed on Tuesday that an inquiry was underway into the allotment of 50-acre of state land in Karachi to a private party at throwaway prices by the Sindh Revenue Department….

…Earlier on November 6, Sindh Advocate General Yousuf Leghari had told the court that 1,500 people were allotted thousands of acres of state land in Sindh during the past 10 years at throwaway prices (e.g. Rs 10 per sq ft)…..

Related Posts:

Restoration is all it was, NOTHING more!
Aitzaz Exposed – Part II
Aitzaz Among Looters of Bank of Punjab
Hai, Bhagwan!
(I wrote: “Regarding that Bank of Punjab case, CJ Iftikhar is certainly appearing compromised and letting crooks off the hook. More on that soon…“)


17 Responses to “BoP Scam — The Fix Is On Again”

  1. 1 Observer December 2, 2009 at 11:40 am

    We, the Pakistanis have created the environment of cheating, lying, hating and stealing to gain “success”. It has become a habit, a normal behaviour.

    We are in the middle of a disaster with enemies around and amongst us, but still we refuse to see the light. Still the Pakistanis are comfortable as spectators of their own disastrous way towards complete destruction. Why don’t the people revolt? There is only a very short time to understand and change the course – otherwise we will be paying very heavily. Pakistan will loose a major part of the defence capability (at least no nukes) and on top of that we will be split into bits and pieces with warlords like in Afghanistan. Where do we want to go as a nation?

    • 2 nota December 2, 2009 at 1:07 pm

      “It has become a habit, a normal behaviour.”

      And might I add: “NOT cheating, NOT lying, NOT hating and NOT stealing to gain ‘success’ are actually frowned/looked down upon even by the pious among us.”

  2. 3 Observer December 2, 2009 at 1:40 pm


    That reminds me of some of the topics discussed when I visited Pakistan. Somehow people always talked about those who had gained wealth (no matter how). They were admired and respected and nobiody discussed the way they used to gain “success”. Very rarely people spoke about real human qualities like no cheating, no lying, no hating and no stealing. So it is not so strange that we are in a mess now and now is the time for harvesting…… can it be different for a people who REFUSES to understand.

    • 4 nota December 2, 2009 at 1:57 pm

      Exactly what I am talking about. You talk about a visit here. I am talking the six years since I’ve been here, I have not come across one person who condemns such acts…

  3. 5 Project December 2, 2009 at 9:15 pm

    Every time I visit here, I come away more depressed. I am not sure if ‘thank you’ is the right sentiment, but it must suffice. You have done well to expose the omissions – the cardinal sin of all vulgar propagandists.

    As an aside, when you write “I am talking the six years since I’ve been here, I have not come across one person who condemns such acts”, you surely must mean those in power, right?

    Because, if you are seeking such people among ordinary mortals and the commonman, I can furnish a shortlist, several shortlists actually – except perhaps they too might wish to remain anonymous publicly like yourself.

    However, even though their silent barebones existence in Pakistan is a fact which I can attest to, it does not alter the general thrust of your observation, and that is indeed sickening.

    One of my close friends calls it the “vulture culture” and that has indeed become the dominant culture of urban Pakistan. I don’t think villages are like that, and I also don’t think many suffering under the jackboots are like that. But I am sure you will find many who are… and perhaps you are mainly running into that set because of the company you are keeping.

    If you will permit me to narrate a personal anecdotal experience, it was right after the invasion of Iraq, I was in Pakistan in the fall, and really depressed that activists had failed to prevent the invasion despite our loud shouts in the streets of America. My book Prisoners of the Cave had also just been turned down by even Pakistan’s Oxford University Press, while they valiantly showcased Bernard Lewis’ What Went Wrong. Ch-9 of my book (which I removed from the web version)had deconstructed it along with many a doctrinal scholarship. After Western publishers turning it down, a Pakistani outfit turning it down was rather more depressing.

    So in one of those uncertain moods, unsure of my place in the world which, for all intents and purposes, didn’t seem to amount to even a hill of beans, I had engaged a cab for a whole day to run necessary errands. We first went to the money changer and cashed a $1000. Then we ran helter-skelter all morning. At lunch, I invited the taxi-driver to take it with me, and if I remember we ate at Jahangir restaurant in Islamabad. The taxi walla had picked me up from my fine residence in the morning, and we had swapped stories all the time. I learnt of his very hard life of continuous toil of 16 hours of cab driving 7 days per week to barely make ends meet.

    Suddenly, while on the road, I asked him:

    “You see that I live in a nice house, wear nice clothes, have lots of money in my pocket, and you witnessed that I also eat well and live a good life. Whereas you have narrated your patehtic lifestory to me of endless struggle. You know there is a lot of money in my front pocket. Why don’t you just reach down under your seat, takeout your self-defense weapon which you say you carry, and just rob me. Rob me right now, I won’t resist as you can already tell, and you might come rob me at my home at night – but I know you won’t do any of that. So I want to know what stops you? Why do you persist in this struggle when you can demand your rights and command more than a decent living at the point of a gun if the society won’t give it to you fairly for the dint of hard work?”

    His memorable answer, and I quote from memory almost exactly, translated into English:

    “sahib, the money in your pocket is your test, the money that isn’t in mine is my test.”

    Then after a pause, he continued, and this is a paraphrase, his language was beautiful and precise:

    “I slog 16 hours in this sun as you well know, to raise my children honestly, and I am only accountable for that; while you go about in your luxory lifestyle and you are accountable for that.”

    “Had I wanted to, I could certainly become a robber, what does it take, apparently not much skill as most of our rulers are that! But I have firm faith that I have to answer one day for all that I am blessed with, and my test will be rather easy: I earned two pennies with immense struggle and I spent it for minimal food and shelter.”

    “But your test sahib, wouldn’t that be a rather long and hard one?”

    Indeed. People like that do not wear their honesty and integrity on their forehead. But it is also not impossible to find them.

    Best wishes,
    Zahir Ebrahim

  4. 6 Observer December 3, 2009 at 5:42 pm


    Btw. Did you see this one:

    “Soviet commander: U.S. faces similar Afghan fate ”

    The former Russian general is telling the Yankees what we knew from day one.

    “A former commander of Soviet forces in Afghanistan has warned history is being repeated in the war-ravaged country as the United States and its allies become increasingly mired in an “unwinnable war.””

    And further he says extra 30.000 troops to Afghanistan:

    “Asked what difference the latest troop surge will make, the 74-year-old former deputy defense minister says, “I can see only one: Obama will be more often going to the airport to pay his last respects to the [airlifted U.S.] soldiers killed in Afghanistan.”

    • 7 Muhammad Farooq December 9, 2009 at 3:07 am

      Some people and for that matter some nations dont learn lessons from the history and are thus destined to repeat them. Historically, Afghanistan has been invincible. And there are clear indications it would remain so. come what may.

  5. 8 Aamir Mughal December 16, 2009 at 7:27 am

    The Funniest Thing rather a Fact that Jang Group of Newspapers had raised hell against the Former Senator Saifur Rehman during 1999
    Senator Saifur Rehman (PML-N) VS Jang Group of Newspapers. [ ] and in 20009 it is the same Jang Group of Newspapers i.e. Mir Shakilur Rehman [MSR] Dr Shahid Masood, Muhammad Saleh Zaafir, Kamran Khan, Ansar Abbasi, Muhammad Ahmed Noorani AND OTHERS who are making a Hero out of Saifur Reham [as per law a proclaimed offender and fugitive] him, and telecasting his live program on Meray Mutabiq GEO TV DATED 14 DEC 2009, watch the program, read the news and lament on the hypocrisy of Pakistani media:

    Saif decries pending action against him Wednesday, December 16, 2009 By our correspondent

    Musharraf took $10m bribe in power project: Saif Says Swiss cases contained irrefutable evidence Wednesday, December 16, 2009 News Desk

    Mr. Ansar Abbasi [Jang Group] and Anjum Niaz [Jang Group] on Senator Saifur Rehman which is being praised by Jang nowadays.
    Such influentials, besides Pervez Musharraf and Shaukat Aziz who fled from the country within weeks after completing his tenure, includes former PML-N senator Saifur Rehman and top parliamentarians and retired defence officers. In the case of Saifur Rehman, whose Chak Shahzad farmhouse is also being used as Redco’s site office, SDO Jamil said his connection was changed a few months back and given industrial tariff. The Admin officer at Rehman’s site office when contacted did not offer any comment. However, the electricity bill of Saifur Rehman’s place shows that the D-2(1) tariff is still intact at his residence though it was showing not to have consumed even one unit of electricity since January this year. An Iesco source said at least 24 air conditioner units are fixed in the Redco farmhouse buildings. The SDO also confirmed that a former ISI chief, who is also residing in the same locality, was provided free-of-cost transformer and poles, etc., following orders of the then-Iesco chief Brigadier Shahbaz.

    Documents reveal power scandal in Chak Shahzad palaces Government found illegally subsidising Musharraf, Shaukat’s electricity bills By Ansar Abbasi Saturday, May 23, 2009

    ISLAMABAD: It is not just General Pervez Musharraf, who is caught in the Chak Shahzad power scam for using more electricity and paying less money, another former president, an ex-prime minister and a serving general too are found either using “illegal electricity tariff” or involved in cases of ‘irregularity in billing’ owing to faulty meters. These include such luminaries as former interim president and ex-chairman Senate Wasim Sajjad; ex-caretaker prime minister and ex-chairman Senate Muhammadmian Soomro; ex-chairman of the disbanded Ehtesab Bureau and former senator Saifur Rehman; Corps Commander Gujranwala and ex-DG ISI Lt Gen Nadeen Taj and others. Farmhouse No 10-B, where former Senator Saifur Rehman’s brothers live, too is found to have been using wrong tariff. The name of the subscriber in the IESCO’s record in this case is Ahmad Touqeer Naqvi. REFERENCE: Lt-Gen Nadeem, Wasim Sajjad, Soomro among power defaulters By Ansar Abbasi Friday, June 19, 2009

    Made to order media By Anjum Niaz 22-November-2008
    The Sharifs today form an open season for media to hunt. Nethermost was their treatment of the media when in power. Saifur Rahman, trained by Nawaz Sharif was his attack dog. Rottweiler Rahman would pick up the phone and bark his threats. The measly-mouthed man meant what he said. We know of editors and reporters mauled by his intelligence agencies. That was the era of the white tinted-glass Toyota Corolla chasing you on Islamabad streets. However, lifafa journalism was thriving. Media men, who got their sons stuffed in lucrative posts like the FIA and other money-making jobs, or got fat on state largesse doled out by the Sharifs, today continue to be ace columnists and TV gurus. They are bounty hunters looking for new booty from anyone who will bite. Some of them have already wormed their way to cushy jobs in the media.

  6. 9 Aamir Mughal December 17, 2009 at 7:39 am

    Roedad Khan filed petition against NRO but who will look into the affairs of Roedad Khan???

    Now, my friend Roedad Khan, perpetual bureaucrat steeped in the art of bureaucracy, yet again ready to serve his country, has reacted in a letter printed in this newspaper on July 26. Apparently, his innocence has been injured. He denies having had any connection with those in President Ghulam Ishaq’s secretariat who were paid to ‘fix’ the 1991 elections. We never learn from history-3 By Ardeshir Cowasjee 11 August 2002 Sunday 01 Jamadi-us-Saani 1423

  7. 10 Aamir Mughal December 17, 2009 at 7:39 am

    Roedad Khan and NRO

    Mehrangate exposures which had recently appeared in the press, asking how the inquiry was progressing, and giving his own views. They exchanged information, each believing the other was being informed. They talked about how COAS Aslam Beg (sporter of shades in the shade) managed to get Rs 14 crore (140 million) from Yunis Habib, then of Habib Bank. This was deposited in the ‘Survey Section 202′ account of Military Intelligence (then headed by Major-General Javed Ashraf Kazi). From there Rs 6 crore was paid to President Ghulam Ishaq Khan’s election cellmates (General Rafaqat, Roedad Khan, Ijlal Hyder Zaidi, etc.), and Rs 8 crore transferred to the ISI account. We never learn from history By Ardeshir Cowasjee dated 21 July 2002 Sunday 10 Jamadi-ul-Awwal 1423

    • 11 nota December 18, 2009 at 10:15 am

      Roedad Khan certainly is scum who supported Zia in every way possible and his sorry excuse that he was repeating even last night “daykhaiN Ji, meiN to aik civil servant houN” is so full of sh!t. It is people like him that are most guilty for the state our country is in today. I say hang this bastard as well!!!

      (His excuses remind me of those offered by all the retired generals)

      • 12 Aamir Mughal December 18, 2009 at 8:49 pm

        Roedad Khan and NRO!

        The PML-N has fielded Roedad Khan as the covering candidate. Fourteen nomination papers of 13 candidates were filed in Lahore, 17 of eight candidates in Karachi and one in Peshawar. No papers were submitted in Quetta. Election Commission’s secretary Kanwar Mohammad Dilshad told Dawn that nomination papers of nuclear scientist Dr Abdul Qadeer Khan had not been submitted. 32 file papers for presidential poll By Iftikhar A. Khan August 27, 2008 Wednesday Sha’aban 24, 1429

  8. 13 Aamir Mughal December 17, 2009 at 7:40 am

    How about a sentence or two:)

    What about a Sentence on this?

    PAKISTAN: Corruption cases against Generals, Air Marshals and Admirals are the test of an independent judiciary

    • 14 nota December 18, 2009 at 10:11 am

      Indeed. I have written elsewhere about it and will post more here soon, Inshallah. For starters, I want Kiyani tried for was he not the chief negotiator between Mush and BB? Was he not the head of ISI when most disappearances happened?? Did he not bend over to every illegal of request Mush??? Could Lal Masjid have happened without his involvement???? Is he not guilty of mass murder in the ongoing operations in FATA/Swat/etc????? Is he not guilty of letting US drones kill our citizens?????? Has he not made billions from DHAs????????

      • 15 Aamir Mughal December 18, 2009 at 7:26 pm

        By the way what was so wrong with Mr. Kamal Azfar’s statement because Mr. Justice Iftikhar Muhammad Chaudhry [Chief Justice Supreme Court of Pakistan] has also been victim of the same Establishment not very long ago. Dear Nota, please tell as to who is the DG ISI in the below mentioned news???


        ISLAMABAD, May 29: The Chief Justice of Pakistan, Justice Iftikhar Muhammad Chaudhry, on Tuesday narrated for the first time his version of the events of of May 9 at the President’s camp office in Rawalpindi. He said in an affidavit that top intelligence officials had constantly pressured him into resigning, and after keeping him confined at the office for over five hours, he was allowed to leave in a flagless car. “I was informed that I have been restrained from acting as the chief justice.” The `non-functional’ chief justice informed the full-bench hearing identical petitions against the presidential reference that since the action of March 9, he had remained a victim of intrusive and not-so-intrusive intelligence and police operation. “I replied that it was not based on facts as my case was decided by a two-member bench and that attempts are being made to maliciously involve the other member of the Bench as well.” After this, the president said there were a few more complaints as well, directing his staff to call the ‘other persons’. The ‘other persons’ entered the room immediately. They were: Prime Minster Shaukat Aziz, the Directors General of Military Intelligence (MI), Director General of Inter Services Intelligence (ISI), Director General Intelligence Bureau (IB), Chief of Staff (COS) and another official. All officials (except the IB chief and the COS) were in uniform. “The meeting lasted about 30 minutes. The chiefs of the MI, ISI and IB stayed back, but they too did not show him me a single piece of evidence.” In fact, Justice iftikhar said, no official, except the ISI chief, had any document with him. The officials, however, alleged that Justice Iftikhar had used his influence to get his son admitted in Bolan Medical College, Quetta, when he was serving as a judge of the Balochistan High Court. The ISI and MI heads persisted in their demand for resignation, the CJ said. “I refused, saying that the demand has a collateral purpose.” “I was kept there absolutely against my will till 5pm. I was stopped there on one pretext or the other and at one stage was told the president will once again see me. “After 5pm, the MI chief told me `This is a bad day. Now you are taking a separate way and you are informed that you have been restrained from working as a judge of the Supreme Court or the Chief Justice of Pakistan’.” Justice Iftikhar Chaudhry further said when he came out of the room, he was stunned to find that the national flag and the insignia of office were no longer there on his car. “My staff officer later informed me Justice Javed Iqbal has taken oath as Acting Chief Justice and it has been shown on TV. My driver said he had been instructed not to drive the Chief Justice to the Supreme Court.” REFERENCE: CJ says chiefs of MI, ISI asked him to quit: Affidavit on March 9 camp office event By Iftikhar A. Khan May 30, 2007 Wednesday Jamadi-ul-Awwal 13, 1428


  9. 16 nota December 19, 2009 at 2:34 pm

    “By the way what was so wrong with Mr. Kamal Azfar’s statement because Mr. Justice Iftikhar Muhammad Chaudhry [Chief Justice Supreme Court of Pakistan] has also been victim of the same Establishment not very long ago. Dear Nota, please tell as to who is the DG ISI in the below mentioned news???”

    Nothing “wrong” with the statement though I personally feel that for this particular case it was NOT relative. What I found funny was the way the reaction of the justices was described as “utter shock” as if Mr Azfar had said something totally alien, a blasphemy! Do the justices want us to believe “GHQ” and “CIA” have nothing to do with the going ons? Did the justices forget it was Kiyani’s multiple visits to the presidency and Kiyani’s call to Aitzaz the night they were restored?? Are our justices unaware who played a major part in negotiating NRO (Kiyani, US, UK, UAE)? Yes, the same Kiyani who was DG ISI and present in the room when Mush tried to force him to resign.

    And you know what is really funny? The CJ (and the justices) accepting “GHQ is rogue” but “GHQ’s boss is a Gentleman!” Now that takes the cake for me. So fvcking absurd (Do read Good commander, bad command? by A R Siddiqui). 😉

  1. 1 From One Pocket To Another: BoP Scam’s Disappearing Billions « F*ck Politics Trackback on February 28, 2010 at 10:10 am

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