BoP heist

NOW that the investigation into the Bank of Punjab scam has been completed and criminals identified, efforts are underway from certain quarters to allow the culprits to go scot-free. According to the inquiry report, its former president Hamesh Khan colluded with a steel company and embezzled millions of rupees by approving fake loans. A number of bogus accounts were opened and a big sum was deposited in them and later quietly withdrawn. Though a few persons involved in the fraud were arrested, it is a pity that Mr Hamesh, the mastermind, still remains at large. He fled the country despite the fact that his name was put on ECL.