Many Pakistani nationals are reported to have crores of rupees in Swiss bank accounts. The crucial information came from the leak of the Swiss bank accounts of 1400 Pakistani nationals from Credit Suisse, a leading investment banking firm registered in Switzerland.
Leading politicians and top military officials, including General Akhtar Abdur Rehman Khan, the former head of Pakistan’s Inter Services Intelligence (ISI), are said to have large investments in Swiss banks.
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A leading media outlet reported that Akhtar Abdur Rehman Khan had helped the Mujahideen in Afghanistan receive billions of dollars in cash and other aid from the United States and other countries. Another media outlet quoted the Organized Crime and Corruption Reporting Project as saying that money provided by Saudi Arabia and the United States to support the Mujahideen had been deposited in a Swiss bank account of the US Central Intelligence Agency.
The latest information on the Swiss bank account comes after the Panama Papers leak in 2016, the Paradise Papers leak in 2017 and the Pandora Papers leak last year. The maximum balance in the accounts of Pakistani nationals is 4.42 million Swiss francs.
Prominent figures in Pakistan’s political elite have remained silent on deposits in Swiss bank accounts. The Pakistani media has also reported that deposits in Swiss bank accounts have not been recorded in the assets submitted by political leaders to the Election Commission of Pakistan.
Story Highlights: 1400 Pakistani nationals deposit crores of rupees in Swiss bank accounts