Closing In

The Central Bank has reported Pramuka Bank
quote s alleged financial irregularities to the CID, Bribery Commission and Labour Dept., while the Attorney General
quote s Dept filed charges against the bank
quote s key officials on Friday.rn

rnActing on the tip of alleged fraudulent activities, the Criminal Investigation Dept. swooped down on Pramuka Savings & Development Bank
quote s office on Friday evening.rn

rnThe Bribery Commission is due to probe on the substantial kickback
quote s Pramuka has given to top officials from state funds. Commissions ranging from half a per cent to one per cent were paid to those who canvassed deposits especially in government or semi-government agencies. rn

rnFrom the documents available, the Central Bank is believed to have passed on details of public officers who have unjustly enriched themselves by investing state funds in Pramuka.rn

rnAmong the institutions mentioned are agricultural research institutions, provincial road and housing development funds, and a number