Massive discrepancies found in Zakat Fund in Sindh with Rs1.8 billion ‘missing’

[Abdullah719]

KARACHI – According to the audit report for the fiscal year 2016-2017, major financial discrepancies have been found in the accounts of the Zakat funds at the Sindh level. These discrepancies which amount up to Rs1.867 billion have been found in the accounts of health institutions and District Zakat Committees (DZS).

According to a report by Dawn, a fund of Rs30.680 million was released under the head of “rehabilitation and marriages assistance to unmarried women” during 2014-2016, the complete record of which was found missing from the office of DZC, Karachi East.

Discrepancies Found:

Other discrepancies found by the audit report in accounts of Zakat funds are following:

• The Sindh Bank irregularly retained Rs1.176bn of Zakat amount.
• A sample of 13 cheques amounting to Rs9.180m was drawn to reconcile the name of payees from the payee register of the office of the treasury office Karachi. The result shows that all the payees’ names were different in the payee register from the name of payee noted in cash book counterfoils.
• The audit report also mentions about the irregular disbursement of permanent rehabilitation social welfare fund of Rs37.951m.
• ATM cards amounting to Rs327.67m on the account of “Guzara Allowance” were irregularly distributed
• Out of Rs2.950 billion budget, only Rs 1.435 billion was released to 28 DZCs and 38 hospitals in Sindh.
• The budget released amounts only up to 49 percent of the total available Zakat budget.
• Before releasing it to the deserving people, whole zakat amount of Rs1,176,000,000 was deposited with Sindh Bank in saving account for four months.
• The Zakat amount was retained by the bank only to earn profit but principle accounts officer didn’t convene the DAC meeting until the audit report was filled.
• The auditor general of Pakistan has recommended that the amount retained by Sindh Bank along with profit be refunded.
• The irregular extension of management at Zakat Fund also raises red flags.
• The report was recently presented before the Sindh Assembly, which referred it to the Public Accounts Committee so that it could study public audits, invite ministers, permanent secretaries or other ministry officials for questioning and issue a report of its findings.

How authorities have responded:

These irregularities were reported to the management but no reply was received and the meeting of the district accounts committee (DAC) was also not held till the finalization of the audit report.

These irregularities have also reported to the authorities on Jan 6, 2017, but no response was received.

The report has now been presented before the Sindh Assembly. The assembly has referred it to the Public Accounts Committee so they can study it, and invite relevant authorities including ministers, permanent secretaries or other officials for questioning. The report of the findings of PAC is expected soon.

https://en.dailypakistan.com.pk/hea...kat-fund-in-sindh-with-rs1-8-billion-missing/

 

[Bewal Express]

KARACHI – According to the audit report for the fiscal year 2016-2017, major financial discrepancies have been found in the accounts of the Zakat funds at the Sindh level. These discrepancies which amount up to Rs1.867 billion have been found in the accounts of health institutions and District Zakat Committees (DZS).

According to a report by Dawn, a fund of Rs30.680 million was released under the head of “rehabilitation and marriages assistance to unmarried women” during 2014-2016, the complete record of which was found missing from the office of DZC, Karachi East.

Discrepancies Found:

Other discrepancies found by the audit report in accounts of Zakat funds are following:

• The Sindh Bank irregularly retained Rs1.176bn of Zakat amount.
• A sample of 13 cheques amounting to Rs9.180m was drawn to reconcile the name of payees from the payee register of the office of the treasury office Karachi. The result shows that all the payees’ names were different in the payee register from the name of payee noted in cash book counterfoils.
• The audit report also mentions about the irregular disbursement of permanent rehabilitation social welfare fund of Rs37.951m.
• ATM cards amounting to Rs327.67m on the account of “Guzara Allowance” were irregularly distributed
• Out of Rs2.950 billion budget, only Rs 1.435 billion was released to 28 DZCs and 38 hospitals in Sindh.
• The budget released amounts only up to 49 percent of the total available Zakat budget.
• Before releasing it to the deserving people, whole zakat amount of Rs1,176,000,000 was deposited with Sindh Bank in saving account for four months.
• The Zakat amount was retained by the bank only to earn profit but principle accounts officer didn’t convene the DAC meeting until the audit report was filled.
• The auditor general of Pakistan has recommended that the amount retained by Sindh Bank along with profit be refunded.
• The irregular extension of management at Zakat Fund also raises red flags.
• The report was recently presented before the Sindh Assembly, which referred it to the Public Accounts Committee so that it could study public audits, invite ministers, permanent secretaries or other ministry officials for questioning and issue a report of its findings.

How authorities have responded:

These irregularities were reported to the management but no reply was received and the meeting of the district accounts committee (DAC) was also not held till the finalization of the audit report.

These irregularities have also reported to the authorities on Jan 6, 2017, but no response was received.

The report has now been presented before the Sindh Assembly. The assembly has referred it to the Public Accounts Committee so they can study it, and invite relevant authorities including ministers, permanent secretaries or other officials for questioning. The report of the findings of PAC is expected soon.

https://en.dailypakistan.com.pk/hea...kat-fund-in-sindh-with-rs1-8-billion-missing/

AZ and Billo are the 2 most biggest cretins in PK. Is there any they wont steal?

 

[Savak]

The online internet trolls paid by the PPP and PML-N are ofcourse not going to highlight this issue.

Ofcourse corruption is not the biggest issue in the country today

 

[saeed5646]

I am hopeful Pakistan economy will improve in less time but the mess in which sindh province is it will take decades.

 

[IMMY69]

Incompetent Individual vs Corrupt Individual

Surely this argument has been laid to rest.

This argument is not based on absolutes.
Even a half competent government would do better then a completely corrupt government.
When you steel billions of dollars from the coffers then the degree of competence is irrelevant.

 

[WebGuru]

http://www.pakpassion.net/ppforum/showthread.php?283879

Something similar happening here... not much interest in the thread

Well corruption is not an issue right? as long as PPP and PMLN are involve!

 

[WebGuru]

I said it before and i will say it again Billo is not innocent and he is as corrupt as his daddy and phupho otherwise he as a chairman of PPP should have done something when his party ruled federal for 5 years and Sindh for 11 years (still ruling). What exactly Billo achieved in this time period except some english speeches here and there?

 

[Pakistanian]

I said it before and i will say it again Billo is not innocent and he is as corrupt as his daddy and phupho otherwise he as a chairman of PPP should have done something when his party ruled federal for 5 years and Sindh for 11 years (still ruling). What exactly Billo achieved in this time period except some english speeches here and there?

No crap, he's a 30 year old man, not some child.

 

[Savak]

I said it before and i will say it again Billo is not innocent and he is as corrupt as his daddy and phupho otherwise he as a chairman of PPP should have done something when his party ruled federal for 5 years and Sindh for 11 years (still ruling). What exactly Billo achieved in this time period except some english speeches here and there?

No debate over this. I want the authorities to nab both father and son in the fake accounts case.

 

[Zhasan]

No debate over this. I want the authorities to nab both father and son in the fake accounts case.

Don't hold your breath, never going to happen. They couldn't even issue red warrant for Munshi Dar, there just isn't any political will on the part of the established to take on these scums who they plan to use at some later stage.

 

[Zeeraq]

PPP should look towards itself instead of trying to criticize the current govt, even now scandals like these are coming to surface and they have the audacity to question the government on the mess that the government is trying to resolve, which by the way was created by PPP and PML-N themselves.

Anywhere else in the world and leaders of PPP and PML-N would be too embarrassed to face the people, let alone question the financial position of Pakistan.

 

[Savak]

PPP should look towards itself instead of trying to criticize the current govt, even now scandals like these are coming to surface and they have the audacity to question the government on the mess that the government is trying to resolve, which by the way was created by PPP and PML-N themselves.

Anywhere else in the world and leaders of PPP and PML-N would be too embarrassed to face the people, let alone question the financial position of Pakistan.

Anywhere else in the world, the PPP in particular would not have been reelected with such a dismal Afridi like state to show in its province where it has ruled for 10 years.

 

[cric_man]

[MENTION=131701]Mamoon[/MENTION] has nothing to contribute to this discussion I guess.

 

[Savak]

[MENTION=131701]Mamoon[/MENTION] has nothing to contribute to this discussion I guess.

Try and understand, Corruption by the PPP and PML-N is not the number 1 issue in Pakistan, only corruption by the PTI is