I CAN understand dirty money is made through corrupt practices and these large sums of illegal amounts are either stashed at home or deposited into what is called fake bank accounts.

What I fail to understand how a bank opens an account. What evidence of identity and information about the depositor is required? How are large sums of money transferred in foreign exchange abroad?

Which banks are involved? Who were the authorising person(s) when accounts were opened and money transferred? Where was the banking regulator (the State Bank of Pakistan) when all this was going on?

Which countries were these amounts transferred to?

Can the prime minister’s special assistant on accountability please give out information in detail?

We hear of different figures from different sources, on a daily basis, without supportive information

This poses a serious credibility issue.

Imtiaz Hydari

Dubai

Published in Dawn, November 19th, 2018