Asghar Khan Case: Former bank chief admits distributing Rs 400m


Former chief of Mehran Bank Younis Habib admitted in front of the apex court on Thursday that he distributed Rs 400 million to politicians before the 1990 elections.
According to a private television channel, Habib, while submitting his written statement in the Supreme Court (SC) during the hearing of Asghar Khan’s petition, apologised for being a part of the scandal. He told the court that he was under so much pressure that he did not have any choice left.
In his statements, Habib revealed that former Army chief Aslam Baig introduced him to the then president Ghulam Ishaq Khan.
Baig telephoned him in March 1990 and told him that the president wants him to arrange for Rs 350 million, said Habib. But, when Habib said that it was impossible to arrange for such a huge amount, he was taken into custody by the Federal Investigative Agency (FIA).
He further revealed that due to the pressure, he arranged for Rs 1.48 billion out of which Rs 400 million were distributed while the rest were invested.
The bank account numbers in which the money was transferred was also provided by Baig, claimed Habib.
Asghar Khan’s petition alleges that the Inter-Services Intelligence (ISI) rigged the 1990 elections by distributing millions of rupees among several politicians.
During hearing, other respondents including former ISI chief Lt Gen (retd) Asad Durrani and Baig also appeared before the court.
SC asked Asghar Khan, Aslam Baig and Lt Gen (retd) Asad Durrani to submit their replies till March 9 (today).
The three member bench also asked the show the record of the intelligence agencies from 1990.
Earlier, Air Marshal (retd) Asghar Khan, in 1996, wrote a letter to then chief justice Nasim Hasan Shah against former army chief Mirza Aslam Baig, former ISI chief Lt-General (retd) Asad Durrani and Younis Habib of Habib and Mehran Banks, relating to the disbursement of public money and its misuse for political purposes.
Also, Habib is suspected to have given money secretively to Durrani on army’s directives, who disbursed it among different politicians against Pakistan People’s Party (PPP) government back in 1990-91.


    • They wear clean dress, they eat clean, they drive in clean cars, they live in clean palaces, their everything is clean, so don't ask jail for them.

  1. Finally..some people are showing the guts to tell the truth.. this will help our democracy and InshaAllah Pakistan’s system overall. Great job are one of our hopes for Pakistan.

  2. The Apex courts have failed badly to protect the rights of ordinary people as well as state & its institutions. Only a revolution is required to clear all mess

  3. My supports for I.S.I…..the case is being opened at the time when ISI is in the final stages of thrashing the damn americans out of the region!

    Shame on this chap,Asghar Khan….we know your reality too!

Comments are closed.