According to a report submitted by the State Bank of Pakistan to the Election Commission of Pakistan, the ruling party Pakistan Tehreek-e-Insaf (PTI) is operating as many as 18 bank accounts across the country that are undeclared, Dawn claimed.

The State Bank stated in the report submitted to the ECP that according to the information gathered by the scheduled banks, Pakistan Tehreek-e-Insaf is operating 26 bank accounts in different cities of Pakistan, but only eight out them have been declared before the Election Commission of Pakistan.

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Moreover, the remaining 18 bank accounts operating by the PTI fall in the category of illegal bank accounts as the party hasn’t declared these accounts in its annual audit reports submitted to the election commission.

Pakistan Tehreek-e-Insaf has submitted the annual audit reports to the election commission which include a certification of authenticity and accuracy by the chairman of the party Imran Khan—a legal requirement for the heads of all political parties.

Apparently, these undeclared accounts operating by the political party could put chairman Imran Khan, Imran Ismail and others—some of whom are in senior government positions—in legal jeopardy because these leaders are principal and co-principal signatories of bank accounts.

Party, however, claims it has submitted all central accounts to Election Commission of Pakistan.

PTI response

“We have submitted all the central bank accounts being operated by us to the election commission,” Azhar Tariq, the central finance secretary of Pakistan Tehreek-e-Insaf said.

“The party had asked the State Bank of Pakistan to share the details of the accounts it had submitted to the Election Commission of Pakistan, but the governor of the central bank of Pakistan asked that the party had to seek information directly from the banks,” he added.

He further said that these might include some bank accounts being operated by the provincial offices of the party and some of them might not be operational.

Note: This entire news was reported by Dawn. We posted this story after Dawn claimed it to be true. However, PTI and the State Bank of Pakistan claimed that the central bank doesn’t submit any report to the Election Commission of Pakistan.

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