Where is the big fish?

As NAB goes ahead with its probe into the Rs 9 billion fraudulent payments to highflying swindlers in the Bank of Punjab scam, five former general managers are in custody. What about the 'arch operator' Hamesh Khan, the MD of the bank? Many think he has either escaped the NAB dragnet or has turned approver. If he has gone abroad, why hold the five general managers? What about the beneficiaries who filled their coffers? Why have they not been named so far? The whole thing smells like a grand cover-up. Hamesh Khan was the blue-eyed boy of the previous provincial regime. His emoluments and vacation bonus would put many top-notch bankers to shame even though he had started his banking career as a PR man. This sleazy character reached the top position in a large public sector bank within five years. Talking of the scam, I am not against Hamesh Khan in particular. I do wish to highlight the unjust captivity of the five general managers who only signed the loan documents on MD's orders. The MD too was one of the main signatories. If Hamesh was allowed to escape abroad, they so should they be. -DR A.P. SANGDIL, Oslo, Norway, via e-mail, July 1.

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