Car Link Mall http://carlinkmall.com/ Fri, 14 Jan 2022 12:14:11 +0000 en-US hourly 1 https://wordpress.org/?v=5.8.2 https://carlinkmall.com/wp-content/uploads/2021/12/car-link-mall-icon-150x150.png Car Link Mall http://carlinkmall.com/ 32 32 MACC investigates 25 companies for using fake bank statements to secure contracts https://carlinkmall.com/macc-investigates-25-companies-for-using-fake-bank-statements-to-secure-contracts/ Wed, 12 Jan 2022 07:48:39 +0000 https://carlinkmall.com/macc-investigates-25-companies-for-using-fake-bank-statements-to-secure-contracts/

All the companies are said to have committed the offense to enable them to get contacts for solid waste collection and management of public cleaning in the northern region worth more than RM60 million.

ALOR SETAR (January 12): Twenty-five companies have been identified as being involved in submitting bank statements containing false information to a waste management company here in 2018 and 2019.

Sources from the Malaysian Anti-Corruption Commission (MACC) said all the companies allegedly committed the offense to enable them to get contacts for solid waste collection and public cleaning management in the northern region. worth more than RM60 million to the waste management company.

He added that 25 people had also been arrested in Bangi, Selangor and the MACC office in Kedah in the past two days for their alleged involvement in the cases and that 17 of them had been remanded in custody to facilitate the surveys.

“Most of them were business owners, directors and managers between the ages of 31 and 77.

“MACC is still looking for other suspects,” he told reporters here today.

Kedah MACC Director Datuk Shaharom Nizam Abd Manap when contacted confirmed the matter saying the cases were being investigated under Section 18 of the MACC Act 2009 — Bernama






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Bank security breaches leaving customers open to crooks https://carlinkmall.com/bank-security-breaches-leaving-customers-open-to-crooks/ Tue, 11 Jan 2022 09:03:15 +0000 https://carlinkmall.com/bank-security-breaches-leaving-customers-open-to-crooks/ Consumer group Which one? discovered loopholes in online banking security systems that could expose customers to fraud, with some banks not using the latest protections for their websites and allowing users to set insecure passwords.

With internet banking fraud cases up 97% in the first half of 2021, the consumer champion fears too many banks are still neglecting important security protections.

Which? conducted a survey with independent security experts 6point6, testing the security of the online and mobile applications of the top 15 current account providers on a range of criteria, including encryption and protection, login, management and browsing accounts.

Metro Bank received the lowest score for online security in Which? Tests, with an overall score of just 53%. It was joined in the bottom three by Virgin Money (56%) and TSB (59%).

Banks now need to perform additional checks to verify customer identities because passwords can be easily guessed or stolen, but which one? found security holes in several banks during the login process.

Triodos Bank allows customers to set insecure security words, including “password”, “1234567” and “admin”. The risk is mitigated by two-factor authentication when logging in using their physical device “Digipass”, but “there is no excuse for a bank to allow such weak credentials”, Which? declares.

Six banks – HSBC, NatWest, Santander, Starling, The Co-operative Bank, and Virgin Money – allow users to choose passwords that include their first and / or last name. Santander told who? this is being phased out and NatWest and Virgin Money have said they may increase password limitations after the investigation.

TSB, Lloyds, Metro, Nationwide, Santander, and The Co-operative Bank also always use SMS to verify people when logging in, leaving messages at risk of being hijacked by cybercriminals. Santander and The Co-operative Bank told Which? that they are looking to move away from texting.

Which? identified potential weaknesses in subdomains of Metro Bank’s website that could allow hackers to compromise the server. Testers found similar issues with First Direct and Lloyds. First Direct fixed the vulnerability as soon as Which? reported this and Lloyds said its subdomain was in the process of being taken out of service and “poses no security risk.”

The testers also found two missing security headers on the Metro Bank website. These are important because they protect against a range of cyber attacks by telling browsers how to behave when communicating with the website.

Which? found that Nationwide, TSB, and Virgin Money did not use software to ensure that fraudulent messages sent by potential scammers are blocked or quarantined by email providers. The TSB said to what? it has since introduced this protection. Virgin Money said it was in the works. Nationwide said it maintains “a range of email security controls” to protect members.

At the other end of the table, HSBC leads the way with a score of 81 percent. It was the only bank to achieve five stars for both website encryption and account management. It has been rated A + for encryption strength because it supports the latest encryption standards.

Which? also asked 6point6 to test each vendor’s banking application to identify potential vulnerabilities. Monzo was the lowest rated app she tested with some margin. It is the only provider that does not ask the user to log in every time. He said it was a “conscious design decision to strike a balance between risk and customer experience.”

Lloyds, Nationwide, Santander and TSB lost points because online and mobile banking services require the same login credentials.

Jenny Ross, which one? Money Editor says, “Our security tests revealed worrying flaws when it comes to protecting people from the threat of having their accounts compromised.

“Our research reinforces the need for banks to improve their level of fraud prevention by using the latest protections for their websites and by not allowing customers to set insecure passwords. We also want banks to stop sending sensitive data to customers by text message, as this could leave the door open for fraudsters. ”

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MACC Arrests 21 People For Submitting Falsified Company Bank Statements https://carlinkmall.com/macc-arrests-21-people-for-submitting-falsified-company-bank-statements/ Mon, 10 Jan 2022 15:19:00 +0000 https://carlinkmall.com/macc-arrests-21-people-for-submitting-falsified-company-bank-statements/

ALOR SETAR: A total of 21 people, including three women, have been arrested by the Malaysian Anti-Corruption Commission (MACC) to facilitate investigations into the submission of falsified corporate bank statements to a waste collection company.

A MACC source said the suspects, aged 31 to 77, were separately arrested around Bangi, Selangor and Kedah MACC’s office here on Monday (January 10).

“Those arrested reportedly submitted corporate bank statements with falsified details to a waste management company to qualify their company for the solid waste collection and clean-up management privatization tender. public in the northern region, “the source revealed on Monday evening.

The source said those arrested included the owner, directors and officers of the company, as well as independent contractors.

The MACC was also looking for other people suspected of being involved and was trying to obtain essential documents in the case as well as to record the statements of several witnesses.

The MACC has not denied the possibility of other related arrests in the future, the source added.

Meanwhile, Kedah MACC director Datuk Shaharom Nizam Abd Manap confirmed the arrests when contacted and said the case was under investigation under section 18 of the MACC law of 2009. – Bernama

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Break the Myths: Can having multiple bank accounts help cut expenses? https://carlinkmall.com/break-the-myths-can-having-multiple-bank-accounts-help-cut-expenses/ Mon, 10 Jan 2022 14:28:39 +0000 https://carlinkmall.com/break-the-myths-can-having-multiple-bank-accounts-help-cut-expenses/

Can having multiple bank accounts help cut expenses?
Image Credit: Provided

Dubai: how many bank accounts should you have? Two – a checking account and a savings account? Or, only one – in a bank that does both? How about three or even more?

It is often said in online public forums that using multiple bank accounts can make budgeting easier and reduce expenses. But is it really useful? And are the associated costs worth such a step?

Yes, maintaining multiple accounts requires a bit of logistics. But thanks to the rise of online banking, it costs nothing.

Since online banks don’t have to spend any money on branch maintenance, they tend to have low or no fees. Many online accounts don’t charge a monthly service fee, and some don’t charge an overdraft fee.

Why do some people have so many accounts?

While some people get different bank accounts to manage their income streams or investments, some do so to take advantage of the high perks provided on these accounts, such as discounts, cash backs, and other offers.

Several accounts can even be accumulated in other ways such as if your employer provides you with a salary account or if you have opened an investment account.

You can also have multiple accounts if you jointly have one or more accounts with a business partner or your spouse.

In many cases, you might not have a choice, as some banks offer loans or credit cards only if you have a savings account with them. Plus, if you have a business, you need a business account.

atm-1524870_1920 Generic ATM

Why do some people have so many accounts?

Main risks to consider when you have multiple bank accounts

While having multiple accounts may seem like it simplifies your money management task, there are some important things to keep in mind.

• Not all accounts can have zero balance

Many banks require that you keep a minimum amount of money in your savings account. This is generally known as a minimum balance requirement.

In some cases, maintaining a minimum balance may allow you to reduce or eliminate fees or earn an annual percentage return (APY) or higher annual rate of return.

But not all accounts can be zero balance account, so check the minimum required balance and monthly service charge on the account and make sure you maintain it to avoid unnecessary charges.

• Check if fund transfer fees are charged

Transferring money from your account is generally free and safer than withdrawing and paying with cash. But sometimes you will be charged a fee on all the transfers you make, which is a percentage of the transfer value.

Check if there are any funds transfer fees charged on the accounts. So when you transfer funds to another account, add these fees and make the transfer.

Make sure not to transfer funds from one account to another as there may be a fund transfer fee.

How to fight against the above risks?

When getting a new bank account, make sure that certain perks are provided, such as limited or unlimited fund transfers, low or no minimum balance requirement.

Some bank accounts also come with discounts and rewards. Keep an eye on the rewards and use them.

Stock Dirhams ATM cash currency

What risks should I be aware of when I have several bank accounts

If you have multiple accounts, here’s what you need to do:

Track everything in a spreadsheet: Manually track everything – we’re talking balances, interest rates, potential profits – in a spreadsheet.

You have to be pragmatic about this, say experts in the field. Track all login details, fund accounts with deposits, log in and verify accounts from time to time.

If you use this policy intensively, you should manage and monitor it regularly. So a spreadsheet is a great tool to give you that perspective.

Not only does the spreadsheet method help you keep track of everything centrally, but it also helps you avoid putting your financial information online, which many people prefer to avoid.

Limit transfers between accounts: While the advantage of having multiple bank accounts is to transfer money to each of them, you don’t want to transfer money more than necessary.

Transferring money too often can be confusing, especially if you use multiple bank accounts to help you stick to a monthly budget.

Your financial institution may also charge you a fee for transferring money to other institutions, and more importantly, the more you move your money between accounts, the less likely it is to earn interest.

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Manually track all of your accounts – we’re talking balances, interest rates, potential profits – in one spreadsheet.

Keep all accounts active: The reason many people have so many bank accounts is because it is part of their focused investment strategy.

But this strategy doesn’t work just by having so many accounts – you actually have to be an active user of each one so that they don’t get considered abandoned, which is no small feat.

It can be done with automated transfers, but if you have more than a handful of bank accounts it will still be a lot for the average person to handle.

According to experts, every bank account matters, so while you don’t limit them to a number, instead try to find the best deal if you are looking to maximize income from a bank account.

Minimize transfer fees: One tip that most experts offer in this regard is to focus on minimizing the fees for transferring between your accounts.

These fees can add up, defeating the goal of having multiple accounts. You can avoid these fees by checking out banks that offer free accounts.

If you plan to open multiple accounts, you should consider the time it takes to manage multiple accounts, monthly service, and minimum balance fees.

It is also possible to ignore and miss fraudulent activity, overbills or double charges. The bottom line is whether or not you can juggle multiple accounts as it requires business-like management.

Will opening multiple accounts affect my credit rating?

Opening and closing any type of savings account will not affect your credit score as it is developed solely from information that appears on a consumer credit report like your credit card history and of loans.

Instead, banks can perform a check that shows the past activity of a potential customer’s deposits. This includes things like bad bad balances, frequent overdraft fees, bad checks, and suspicions of fraud.

Stock market dirhams

Will opening multiple accounts affect my credit rating?

Key points to remember: what factors should I keep in mind?

First of all, make sure that you do not keep the same password for all your bank accounts. Because if one bank account is hacked, the likelihood that all of your other accounts will be hacked is higher.

The more accounts you have, the more work you’ll have to manage. While the automatic debit option can make your job easier, monitoring accounts is essential to make sure your budgets are on track.

It is recommended by financial planners that those with one or two accounts do not need to open separate accounts for each expense, as this can be a trap if you are unable to manage the accounts.

The main things to watch out for when you have multiple accounts are fees and / or fraudulent charges. Both can trump your income, which ultimately defeats the goal of having multiple accounts.

At the end of the line

It’s not your average investment strategy, and it takes a lot more work than most of us are willing to put in, many wealth managers reiterate. However, they add that this is a proven strategy for many, and a large part of it due to sharp money management skills.

And while spreadsheets aren’t for everyone, the good news is that there are plenty of digital offerings for managing money, whether it’s from your bank or from an app. All you have to do is decide what your preferred strategy is.

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Customs clearance agent tried for falsifying bank statements for CR: Bahrain | THE DAILY TRIBUNE https://carlinkmall.com/customs-clearance-agent-tried-for-falsifying-bank-statements-for-cr-bahrain-the-daily-tribune/ Sun, 09 Jan 2022 09:00:43 +0000 https://carlinkmall.com/customs-clearance-agent-tried-for-falsifying-bank-statements-for-cr-bahrain-the-daily-tribune/

TDT | Manama

The Daily Tribune – www.newsofbahrain.com

The High Criminal Court has opened a hearing in the case of a 29-year-old customs clearance officer accused of falsifying bank statements for obtaining two business records for two men.

The suspect was exposed when the Labor Market Regulatory Authority began to distrust the behavior of an Arab national frequenting the premises of the LMRA.

Further investigation revealed that the documents filed by the LMRA man for the registration of his company were false.

Later, during questioning by the prosecution, he revealed the hand of the Bahraini compensation officer in the crime.

Officials discovered that the clearing agent had organized the whole process and completed the formalities to obtain the CR. However, the 29-year-old officer denied any wrongdoing.

He said he had assigned other clearance officers to complete the formalities for obtaining the bank statements.

“The Arab man approached me to complete the formalities for issuing a CR.

But, when I asked him if he had a bank account, he said no.

“So I looked for someone who could open a bank account for him.

“All I did was accept the papers from another clearance agent,” he said.

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Prosecutors explain arrest on some ArcelorMittal Kryvyi Rih bank accounts https://carlinkmall.com/prosecutors-explain-arrest-on-some-arcelormittal-kryvyi-rih-bank-accounts/ Thu, 06 Jan 2022 10:30:00 +0000 https://carlinkmall.com/prosecutors-explain-arrest-on-some-arcelormittal-kryvyi-rih-bank-accounts/

At the request of the Attorney General’s Office, non-monetary funds were seized from separate accounts belonging to ArcelorMittal Kryvyi Rih, recognized as material evidence in the criminal proceedings, as part of the amount of damages.

This was reported by the OPG press service via Telegram, as seen by Ukrinform.

“According to the criminal proceedings documents, it was established that no money was withdrawn from these accounts to pay taxes, fees and other compulsory payments, as well as salaries,” the statement said.

Also read: ArcelorMittal claims prosecutor’s office blocked company accounts

It should be noted that in the context of the said criminal proceedings, the financial director of the company, chief accountant, was charged in November 2021 with false office and intentional tax evasion for particularly large amounts. According to the investigation, the suspect deliberately filed false information in the rent statement for the use of the basement, thus avoiding the payment of rent to the budget in the amount of more than 2.24 billion. UAH. The criminal actions of the suspect and the corresponding amount of damage to the budget were confirmed by the findings of a comprehensive forensic examination.

It is pointed out that the request for the arrest of the company’s accounts was filed to compensate for the damage inflicted on the budget of Ukraine and to ensure special confiscation.

All proceedings are conducted exclusively within the legal framework, prosecutors said, adding that they systematically protect the interests of investors, while their priority is to protect the law.

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Plush prices help smart gamers fill their bank accounts https://carlinkmall.com/plush-prices-help-smart-gamers-fill-their-bank-accounts/ Wed, 05 Jan 2022 17:23:31 +0000 https://carlinkmall.com/plush-prices-help-smart-gamers-fill-their-bank-accounts/

JEDDAH: Media coverage of sport plays a key role in the representation of athletes of different nationalities and ethnicities in their respective fields. It can promote a global dialogue that transcends femininity and masculinity, embracing the inclusive nature of sport and signaling it to the world.

Yet, globally and locally, the representation of women in sports media coverage appears to remain disadvantaged compared to that of men.

In December 2007, Arab News covered the first female street basketball tournament in Jeddah, hosted by Jeddah United Sports Company and Gold’s Gym, and featured Saudi sportsmanship and highly skilled female athletes.

Asked about the visibility gained through the tournament, Lina Al-Maeena, co-founder of JUSCo. and former member of the Shura Council, told Arab News: “I have to say that this has opened doors for us, especially on the international front. CNN and BBC, as well as many international channels, have approached us and many potential sponsors, such as Nike, have also connected with us.

JUSCo. is the first private Saudi sports company to train girls and boys in basketball, football and volleyball, and to promote the culture of sports and physical activity.

Al-Maeena added, “Women’s sports are definitely underfunded and underpromoted. We don’t have any dissemination initiatives yet, but advocating for equal airtime is important to promote the representation of women in sport, as well as fundraising through sponsorship. “

In line with Vision 2030 and the 16 Sustainable Development Goals, the Kingdom aims to ensure healthy lives and the well-being of individuals of all ages.

The Saudi National Transformation Agenda launched in 2016 continues to raise living standards and foster sport and the private sector, including social development and empowerment of the Saudi people, and women in particular.

On November 22, 2021, the Saudi Football Federation Regional Football League kicked off, marking a new era for women’s football in the Kingdom.

“The NTP has enabled young people to broaden their horizons and also explore the possibilities of sport,” Al-Maeena said.

She added that the sports sector is a sister sector to the health and education sectors, emphasizing physical activity as a preventive aid to many physical, psychological and social ailments.

RETURNEARTH

In December 2007, Arab News covered the first female street basketball tournament in Jeddah, hosted by Jeddah United Sports Company and Gold’s Gym, and featured Saudi sportsmanship and highly skilled female athletes.

Arab News spoke to female athletes about their journey from amateur to professional, and the family and athletic support they received in their quest to make their dreams come true.

32-year-old Saudi sports defender and professional football player Saja Kamal shared the uplifting experience of the Saudi Women’s Professional Football League 2020 Sports For All under the Ministry of Sports.

“My father introduced me to football when I was four years old, at a time when playing a male dominated sport was difficult, and almost a privilege for girls and women,” Kamal said.

During his high school education in Bahrain, Kamal joined Arsenal Football School.

“It’s not that women’s sports don’t have a fan base or an interested audience, it’s just a matter of equal access and media coverage,” she said.

Elham Al-Fahad, a 36-year-old Saudi footballer, broke the 2019 world record for the longest football match held at the Fondation de Lyon as part of a non-profit initiative promoting gender equality and the ‘access to sport, Kamal being classified in third place.

“My dream is to become a coach for Al-Hilal football club when they create a national team,” Al-Fahad said when asked about her future plans.

Al-Fahad was also part of the challenge for the football team in Riyadh before women’s football was formalized in the Kingdom.

“I was encouraged by the men in my family to join them to play football, and at the age of seven I became completely addicted to the sport, to the point of taking my football with me to bed when I was a child. “

Yasmina bin Mahfooz, a 30-year-old professional tennis player, told Arab News that she joined Al-Nasser tennis club in early 2021.

“My parents allowed me to discover all kinds of sports and activities, and in doing so, my passion for tennis was born at the age of six,” she said.

“Introducing children from an early age to all kinds of sports serves as an outlet and a disciplinary tool, and for that I encourage women and young girls to always dream big and indulge in the world of physical activity.

Al-Maeena said: “The legislation for women’s clubs is very recent and although the trend is towards privatization, women’s sports have not received the opportunities and funding that men’s sports have received over the past decades. , which allowed them to develop and progress much more than women’s sports. sports.”

She said that attitudes towards women in sport could be improved by promoting equal access to sports media and various sports in educational institutions under the Ministry of Sports.

Any promotion must be culturally sensitive, and respect for the rules of public decency is important to be accepted, she added.

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Best Business Bank Accounts in 2022 | Architectural summary https://carlinkmall.com/best-business-bank-accounts-in-2022-architectural-summary/ Wed, 05 Jan 2022 16:30:00 +0000 https://carlinkmall.com/best-business-bank-accounts-in-2022-architectural-summary/

• Bank tools

If you use QuickBooks, payroll software, or some other accounting tool, you may want to work with a bank that allows you to integrate data from your software. It will be much more efficient to balance your books if withdrawals automatically show in QuickBooks. If you use PayPal or Square, you may find it helpful to have these transactions appear in your checking account as well.

• The size of the bank

Little or big? Ultimately it comes down to personal preference. Having a close relationship with someone who works at a local bank (or a local branch of a national bank) can have its benefits. This person may have the option of adjusting fees or giving you more leeway on a small business loan application. The downside of small banks is that information is not always clearly spelled out online, you may need to open an account in person, and digital tools may be lacking. In contrast, large national banks are more likely to clearly define the fine print online, allow you to open an account digitally, and deploy digital tools first, all of which can provide convenience and efficiency.

• Convenience

If you already work with a bank that you love for your personal finances and have a business checking account option that suits your needs, there is nothing wrong with keeping both accounts at the same bank. . Being able to access information from multiple accounts in one place or one app is a nice bonus.

Should you join a credit union?

A business bank account is a great way to keep tabs on your business finances, but it’s not the only option. Some small business owners might be drawn to a credit union, which is usually a community-minded organization that has a sense of connection to a neighborhood or region, and a cooperative mindset. The main difference between the two is that a bank is a for-profit financial institution and a credit union is generally a non-profit service. Additionally, small business owners will need to become a member of a credit union to use their services, while a bank only requires an account.

If you are choosing a credit union, it is important to do your research. Although many credit unions may offer similar services, such as loan administration as well as the creation of checking and savings accounts, they may have less functionality than a typical bank.

The best bank accounts for small businesses

There are over 4,500 commercial banks in the United States offering thousands of business checking account options. But what busy entrepreneur has time to sort it all out? Read the list below for the best business checking accounts from AD PRO.

Best Bank Accounts for Small Sole Proprietorships or Startups

With Well Fargo’s most basic business bank account, you can make up to 100 transactions per fee-free period and deposit up to $ 5,000 in cash each month. Deposits over $ 5,000 will incur a fee of 30 cents per $ 100. Although this account has a monthly service fee of $ 10, you can avoid the costs by maintaining a daily balance of $ 500. With a minimum opening deposit of just $ 25, this simple business banking solution is excellent for small businesses with limited cash flow. The Initiate Business Checking account may be Wells Fargo’s simplest offering, but it still offers zero-liability debit card protection as well as fraud monitoring. And, as with all Wells Fargo corporate chequing accounts, small business owners can apply online or at any of their branches and send in the required deposit and paperwork at a later date.

Sole proprietors with many clients, such as freelancers or entrepreneurs, will find a lot to like about BlueVine’s business checking account. Unlike the big banks, BlueVine does not have a minimum deposit, balance requirement, or monthly service fee. In addition, account holders can access over 37,000 MoneyPass ATMs at no additional cost. Small business owners can also earn 0.60% interest on balances up to $ 100,000. And, to make your business banking even easier, you can sync your BlueVine checking account with payment platforms like Stripe and PayPal, as well as accounting tools like QuickBooks and Wave.

This small business checking account with no monthly maintenance fees or minimum balance requirements lets you make up to 75 transactions per month and deposit up to $ 2,500. Receive Comerica’s free bill payment service for 12 months (after this period it costs $ 6.95 per month). Another bonus: As your business grows, you can switch to another account using the same account number. Comerica is not a nationwide branch, but has various locations in Texas, Arizona, California, Florida, and Michigan. Fees and conditions vary by state.

If the needs of your business bank account are fairly straightforward and you need few monthly transactions, the SunTrust Simple Business bank account may be a good option. The monthly maintenance fee of $ 5 is waived for the first year; after that, you can avoid the extra charges when you do five or more debit or credit transactions per month. The account includes 50 transactions and $ 2,000 of cash processing per month. SunTrust clearly describes all of the terms and rules on its site, allows you to apply online, and has some great online resources for small businesses. A potential drawback? There are only branches in Washington, DC and 10 other states: Alabama, Arkansas, Florida, Georgia, Maryland, Mississippi, North Carolina, South Carolina, Tennessee, and Virginia.

With no monthly account maintenance fees for the first three months and a current sign-up bonus of $ 200 in cash, this competitive account can be a good choice if you need to verify but not a lot of transactions (150 or less per month ). Once the monthly fee of $ 10 is applied, you can avoid it by maintaining an average monthly balance of $ 500. PNC has branches in over 20 states plus Washington, DC

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ECP investigation reveals PTI hid 53 bank accounts https://carlinkmall.com/ecp-investigation-reveals-pti-hid-53-bank-accounts/ Wed, 05 Jan 2022 01:16:03 +0000 https://carlinkmall.com/ecp-investigation-reveals-pti-hid-53-bank-accounts/

| Review Panel Report Confirms Illegal Funding, Account Concealment

| Says PTI Does Not Disclose Rs 310 Million Funding to ECP | Details of funds received on the personal accounts of the telephone company, office help not yet included | Foreign Funding Case to Help Save Pakistan from Ruining Pakistan Leadership: Akbar S Babar | Farrukh Habib urges ECP not to delay review of PPP and PML-N accounts

Now PTI ends up in hot water because of a “money trail”

ISLAMABAD – The Election Commission of the Pakistan Review Committee set up to investigate the foreign funding case against the ruling Pakistan party Tehreek-e-Insaf (PTI) on Tuesday confirmed irregularities in the audit report submitted by the ruling party in the ECP.

The committee’s report confirmed the illegal financing and cover-up of 53 accounts by the PTI. The report repeatedly referred to its inability to obtain details of PTI’s foreign accounts and details of funds raised overseas.

According to sources familiar with the development, the two auditors, namely Arsalan Wardak and Mohammad Sohaib, were allowed to read account details for 55 hours. The source revealed that they were not allowed to make copies of documents or use laptops while reading.

“The documents examined did not include the 28 original PTI bank statements requisitioned through the State Bank of Pakistan which were withheld by the ECP,” sources said.

The ruling PTI withheld funds worth millions of rupees from the ECP, the report revealed on Tuesday. The report also stated that the PTI had provided “false information” regarding the party’s funding to the ECP.

He said SBP’s bank statement revealed that the party had received funding of Rs 1.64 billion.

According to the report, the party did not disclose funding worth more than Rs 310 million to the ECP.

The control committee was formed in 2019 to audit foreign funding received by the PTI. The case began in 2014 when the party’s founding member Akbar S Babar filed it.

It should be noted that the oversight committee also did not include details of funds received on the personal bank accounts of four PTI central office employees authorized in writing by the PTI finance board in July 2011. .

The employees included the central office telephone operator PTI and the office assistant.

The clearance was given with the approval of PTI President Imran Khan and then PTI General Secretary Dr Arif Alvi. The review documents also did not include a single bank statement of at least six international bank accounts maintained and recognized by PTI overseas.

Earlier, on August 27, 2020, the ECP trashed the review board’s first report after 28/29 months of review and berated the board with comments that “it was the duty and responsibility of the board to ” examine the authenticity, reliability and credibility of each of the documents submitted to it by both parties.

He said the Committee had the power to contact the appropriate forums, sources and people to confirm the authenticity or not of the documents.

The case has been pending since November 14, 2014. Since then, the ECP and the review panel have heard the case over 150 times and the PTI has requested adjournments 54 times.

The review committee that was formed in March 2018 to complete the review of PTI’s accounts in a matter of months took almost four years to submit its report to the ECP last December, which has now been shared with officials. two parts for comments.

The ECP resumed the hearing of the PTI’s foreign funding case on Tuesday after a nine-month delay.

The last hearing took place on April 6, 2021, after which the ECP adopted on April 14 an order directing the petitioner and founding member of the PTI, Akbar S. Babar, to employ two auditors for the examination of the submitted documents. by the PTI for its defense.

The ECP has shared the review panel report with Akbar S Babar for review and comments by the next hearing date of January 18.

PTI’s lawyer requested that the review panel report be kept secret, which was dismissed. Likewise, PTI has also filed a request to have all cases regarding the illegal financing clubbed, which has been set for a hearing on January 18.

The applicant was represented by his lawyer Syed Ahmad Hassan Shah assisted by Badar Iqbal Chaudhry while PTI was represented by Syed Khawar Shah.

Speaking to media outside the ECP, petitioner and PTI member Akbar S. Babar said Quaid e Azam fought and won a case to make Pakistan. The foreign funding issue is to save Pakistan from a leadership that has ruined Pakistan.

He said that if the matter had been decided on time and on the merits, the current economic collapse and the attendant threats to our national security could have been avoided. He stated that it is the responsibility of all who sit on trial to fulfill their duty to decide the case on the merits and without further delay.

He said political parties can only serve as breeding grounds for leaders if they are regulated by law. There is no shortage of competent and credible leaders in Pakistan if only they are allowed to develop within political parties.

Earlier in the hearing, PTI chief and Minister of State for Information Farrukh Habib urged the Commission to complete the review of the PPP and PML-N accounts without further delay. Thereupon, Chief Election Commissioner (CEC) Sikandar Sultan Raja requested the review committee to submit a progress report on the PPP and PML-N accounts within 10 days.

Speaking to the media after the hearing, Minister of State for Information and Broadcasting Farrukh Habib said the Pakistani Muslim League Nawaz (PML-N) reading concealed nine accounts from the Commission.

While sharing a report prepared by his party’s financial experts on the secret accounts of various political parties, he said that the PML-N and the Pakistan People’s Party (PPP) kept several of their secret bank accounts from the dog of guard of national elections. He said the PMLN has received donations worth over 600 million rupees, but failed to produce a record 98 percent.

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omicron: test lure Omicron: empty bank accounts | Ahmedabad News https://carlinkmall.com/omicron-test-lure-omicron-empty-bank-accounts-ahmedabad-news/ Mon, 03 Jan 2022 08:00:00 +0000 https://carlinkmall.com/omicron-test-lure-omicron-empty-bank-accounts-ahmedabad-news/ AHMEDABAD: If you respond to an email promising a free Omicron test, you risk letting cyber crooks infect your device and drain your bank account.
A senior police officer said cyber criminals send emails with malicious links and files attached. If people open such a link or file, their system (mobile phone or computer) is compromised and criminals gain access to vital information.
Recently, the State Police Cyber ​​Cell issued an advisory on cyber crooks using the Omicron test lure.
In some cases, when someone wanting to get a free test clicks on a link, bank account information is innocuously searched for. Those who are gullible enough to divulge private information have their accounts emptied, according to the notice issued by the cyber cell on December 30.
In many cases, people ended up sharing their details with fraudsters and losing their money during this crisis, a police officer said. The officer said a formal complaint has yet to be filed regarding such instances of cheating.
“In most cases people receive an email which appears to be from the UK’s National Health Service (NHS),” the officer said. “The message offers the Omicron test.”
The email senders are also instilling fear by saying that if the test is not carried out, the recipient will be placed in isolation to prevent the spread of infection, the officer said.
“So people are lured in by a free test and threatened by the prospect of solitary confinement,” said another senior police officer. “Some people fall into the trap and are deceived.” State police sources said cybercriminals also go through a target’s browsing history and contact if information about the Omicron test was sought.
Additionally, cyber crooks use addresses that appear to be from private and government hospitals. Police are advising people to scrutinize domain names to verify the authenticity of websites and report suspicious activity to the cybercrime portal. ]]>