Pakistani Senate uncovers $524M solar panel import scam, calls for stricter regulations.

A Senate subcommittee in Pakistan has uncovered a major corruption scandal involving the import of solar panels, with suspicious transactions totaling Rs106 billion ($524 million). Companies inflated import prices and made cash payments, with the State Bank of Pakistan penalizing involved banks. The subcommittee calls for a thorough investigation, full audit of solar import companies, and stricter regulation to prevent money laundering and corruption.

2 months ago
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