KAUSAR IQBAL MALIK- DG FCIF, HR & HEAD OF  JIT NATIONAL ACCOUNTIBILITY A home-based
banker with clout and privileges 

For those dreaming to excel in the banking sector, the story
ofKausar Malik inspires
confidence: a man who first manoeuvred his induction as Senior Executive Vice
President (SEVP) in the National Bank of Pakistan (NBP), his house was also
hired, a banking unit was shifted at the premises and he was then posted at his
home.

How the public sector banks are being looted day in and day out by
crooks would have remained a secret had it not been disclosed in a report of
the State Bank of Pakistan (SBP) after an inspection carried out in the NBP.

As Kausar was posted in the National
Accountability Bureau (NAB), he changed four banks in five years, but never
visited any officer even for a single day.

The latest position he managed to grab was as SEVP in NBP that was
apparently allotted to him for using his good offices for recovering the
defaulted amount, a task which remained unfulfilled. Kausar nevertheless remains in the NBP. He
was terminated only to be reinstated shortly.

As for putting his house on rent to NBP, a confidential SBP
inspection report of 2010 states: “The management acquired one of the premises
on rent in Rawalpindi from bank’s SEVP (Kausar Malik) in violation of PR G-2.
It may be mentioned here that HRM&AG had shifted an investigation unit of
Institutional Discipline Wing from Regional Office Islamabad to that premises and the same SEVP (owner of the
premises) was posted at his own premises without having any
assignment”.

The report further explains that Kausar was hired as SEVP when deputed to NAB.
The purpose of employing him at senior level was to recover the defaulted
amount of the bank with his support. “However, no recovery was effected with
his support.”

Nevertheless, the bank allowed continuation in his service even
after termination of contract with NAB, the SBP report explains. A letter in
possession of ‘The News’ shows he was terminated from NBP, the day he was relieved
from NAB, but the order was reversed as Kausarmanaged
to apply pressure on the management.

Talking to The News about hiring of his house, Kausar acknowledged
it was granted on lease to the NBP but said it was done well before he joined
the bank as SEVP. He also denied the SBP report stating that his services were
hired for expediting recovery.

How Kausar Malik jumped from one bank to another taking rapid
promotions without attending them, was investigated in detail by Ahmad Noorani,
an investigative reporter of The News.

Kausar, who simultaneously served in banks and NAB, has an
unmatched career not only in NAB but also in banking
sector. As he served in NABat positions
like deputy chairman, director general (Operations) and director general (Financial
Crime Investigation Wing), he was also employed first in Prime Bank as assistance vice president, then in Faysal Bank
and finally joined the NBP. He made a lot of fortune in the meanwhile. However,
he had denied most of the allegations during his interview with Ahmad Noorani.

After being appointed in NAB in 2004 as the nominee of Prime Bank
where he was Assistant Vice President (AVP), Kausar changed at least four banks
in last six years, each time getting promotions to next position. Interestingly
he never ever visited any of these banks even for a single day and also
admitted this fact while giving his version to ‘The News’.

While being in Prime Bank, he was major accused in FIA Prime Bank
fraud case FIR No.5/2003 and 7/2003 which was amounting to Rs4.5 million. The
same case was transferred to FCIW-NAB Headquarters in 2005 along with all other
such cases and later the case was closed with the allegedly changing of some
crucial documents according to highly credible NAB sources. Kauser was the holding important position in
FCIW at that time. However, Kausar in his version said one Bilal Bin
Zaheer was major accused in these cases and that these cases were closed in NAB
as there was no evidence.

Kausar also own enormously big properties across the
country allegedly made during his career at NAB, but in his version to The
News he denied owning some of these properties and say about the rest that he
has made them with his savings he had made during his long banking career.

Any private banker could be appointed in NAB for tenure
of five years and a banker from public sector could be attached with NAB for a
period of three years according to the rules of NAB.

Kausar had joined
NAB as member of FCIW (on rank
equivalent to deputy director,
grade-18) on attachment basis on personal recommendation of Brig Nasir,
chief of staff to the then chairman NAB, who belongs to Chakwal.

Within one and an half year Kausar was given the regular cadre in NAB and
was made DG-FCIW, a post equivalent to grade-21, this time with the blessing of
Maj Gen Siddique also from Chakwal. By using the NAB platform and especially
FCIW and cases of wilful default, Kausar became VP in Prime Bank, according to
NAB sources.

However, Kausar insisted that he already was VP in Prime Bank when joined NAB in
2004. However, record reveals that Kausar by use of same
means switched his job and became SVP in Faysal Bank. There were numerous cases
of bank default of billion of rupees pending in FCIW.

According to NAB sources numerous bank default cases of another
private bank ABN Amro were pending with NAB and this bank was almost forced to
hire Kausar as SVP. Later Kausar was made SEVP in the same bank and
never ever visited the bank even for a single day.Kausar though admitted and justified his
promotions while remaining in NAB and not visiting said banks even for a single
day said that he didn’t switched to ABN Amro Bank and instead the his previous
bank was bought by the later and so his parent organisation was changed.

The NAB record shows that there were huge corruption cases of top
officials of a public owned bank pending with FCIW of NAB.
Five years tenure of attachment of Kausar with NAB was coming to an end and
according to top NAB sources by using these cases of huge corruption Kausar got
himself inducted in this state owned bank on a position not lessthen SEVP.

Kausar however said
that his appointment in this public owned bank was fair and he was inducted
through a top head hunter firm after proper interview and fulfillment of all formalities. Kausar though didn’t tell his salary in an
interview with Ahmad Noorani, but said that his salary was justified and even
some junior bankers were getting salaries from Rs7 to Rs10 lac per
month. Beside this salary, perks and privileges bestowed on Kausar by this state owned bank are countless.