Published 13:08 IST, March 5th 2022

Pakistan Army involved in rampant corruption including ex-ISI chief: Report

Credit Suisse has showcased that the magnitude of greed and corruption run rampant in the Pakistan Army, particularly among its generals

Reported by: Anwesha Majumdar
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latest disclosure of information from a Swiss investment banking firm, Credit Suisse has showcased that magnitude of greed and corruption run rampant in Pakistan Army, particularly among its generals which also involved ex-ISI chief, General Akhtar Abdur Rahman Khan, according to a report released on Friday.   

report furr revealed that Pakistan Army commanders' motto appears to be "Greed is Good." Financial mishandling, corruption, extortion, as well as influence peddling by current and retired generals for personal gain have been subject of several scandals and dismal incidents. re have also been allegations of ir participation in drugs trafficking and smuggling rings, ANI reported.  

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According to report, General Rahman is said to have assisted 'mujahedeen' in Afghanistan in receiving billions of dollars in cash and or supplies from US and or nations to aid ir battle against Soviet Union in 1980s. Furr, Times of Israel reported that se disclosed data are just 'tip of iceberg' in terms of how much Pakistan Army's senior generals pocketed in banner of 'Holy War' against Soviet occupation of Afghanistan. 

Furrmore, during 1990s, n-Army Chief Aslam Beg as well as ISI Chief As Durrani h suggested starting ir own drugs operation to support 'jih' against India and Afghanistan and or regions of world, according to report, which cited a Washington Post article.  

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Several Pakistani generals are accused of having secret Swiss bank accounts: Report

In dition to this, several Pakistani generals and bureaucrats are accused of having secret Swiss bank accounts, with a few of se accounts were later closed, as funds were eir shifted elsewhere or invested in business or property, according to report, citing instance of General Rahman's sons, who are one of Pakistan's wealthiest families with extensive business interests. 

report also details a number of controversies and shy agreements in which Pakistani generals have been engd in recent years, which comprise extortion networks, protecting and participating in smuggling in Balochistan, leasing out government properties at ridiculously low prices, and even accepting bribes in defence deals, ANI reported.  

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report also said that Pakistan Army's Generals are t underpaid so y will develop a crooked motive. A 'three-star' general in Pakistan Army retires as a billionaire in Pakistani rupees, due to Pakistani government's concessions on commercial and residential plots, as well as large agricultural land allocations. state also provides benefits to officers of various ranks. 

Meanwhile, Financial Action Task Force (FATF), a worldwide watchdog tasked with combating money laundering and terrorism funding, has ruled that Pakistan will stay on Grey List until it completes all seven FATF-assigned action items. Pakistan has been on FATF's 'grey list' since June 2018 due to flaws in its anti-terrorist financing and anti-money laundering regulations. It is worth mentioning that grey-listing has affected Pakistan's imports, exports, remittances, and access to foreign finance. 

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(Im: AP)

13:08 IST, March 5th 2022