Inconsistencies of more than Rs40 bn uncovered in annuity installment process: report

ISLAMABAD (City News) – A theft of more than Rs40 billion has been uncovered in annuity installment procedure of National Bank and General Post Office (GPO).

As indicated by unique report of Auditor General of Pakistan (AGP), abnormality of Rs35 billion was surfaced amid installments of annuities at National Bank though a defilement of Rs5 billion was likewise uncovered in GPO.

It was unveiled that Rs65 crore was stolen while Rs25 crore was also paid. Double installments of Rs25 crore were done on one personality card while GPO Peshawar likewise paid Rs93 lac for the sake of perished individuals.

In any case, National Bank in Muzaffargarh did installments on counterfeit vouchers though twofold and triple installments were additionally done.

In addition, GPO additionally did Rs25 crore installments without annuity cards.

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