ORACLE CREATES A MIRACLE

ORACLE CREATES A MIRACLE

TURNS DIMES INTO DOLLARS

In the Islamic Republic of Pakistan there is a sleepy town by side of the river Chenab by the name of Gujrat which is famous for the LYARI cows (MILCH Buffalos), ceramics / pottery, the folk lore of SOHNI MAHIWAL and off course the Chuadhry’s of Gujrat. But lately Gujrat attained notoriety and was put on the map of Pakistan because of a very peculiar and pecuniary scam.

Please remember the episode of Double Shah a man who was a loan shark and trickster who used to lure people to have their money deposited with him with the promise and bait that their money will be doubled and returned with in 01 month.

Many simpletons and gullible people of Pakistan fell for this scam and lost their life hard earned earnings and money as a result of this gag. This became the headlines and talk of Pakistan to such an extent that the Supreme Court of Pakistan had to take suo motto action on it.

What became the fate of the people who fell for this scam is another story, but the story which is now to be told and may make the headlines is, “TURNING DIME IN TO DOLLARS”. Thanks to the miracles performed by the flex cube system that they have beaten the record of Double Shah by doubling the money in 24 hours instead of 30 days.

The flex cube system which was bought by the incumbent president of Askari Bank Mr. M. R. Mehkari, at an exorbitant price of more than six millions dollars without any tendering or following the norms of public procurement procedure or transparency because of the kick backs involved has already been dealt in my previous article quoted below is the state of the art system which performs miracles and converts as the old saying goes dime into dollars in the wink of an eye but here it converts Pak Rupees into dollars and other foreign currencies.

Wow what a system it is, and envy of many is like a blessing in disguise for one client of Askari Bank who knew about the flaws of this system and by using the ATM of F-8, Branch of Askari Bank transferred Pak Rupees from one account to another dollar account / foreign currency accounts in the Blue area branch of Askari Bank and other branches of Askari Bank in Islamabad

Just imagine the joy and jubilation of this lucky nerd and clever client that his Rupees were converted in to dollars, Pounds, Riyals and Euros which he very conveniently withdrew from those account accounts and made hay while the sun was shinning at the expense of the poor management of Askari Bank who were at a loss to understand what was happening to them and how come they have been hit by cyber lightening.

About one month ago in my article Oracle takes ASKARI BANK TO THE CLEANERS……………………

http://punctiliouspakistani.blogspot.com/2011/03/oracle-takes-askari-bank-pakistan-to.html

I highlighted the flaws, anomalies and short coming of this system for which I was promised by certain people having interests in ORACLE of Pakistan that the flaws and anomalies of this system will be rectified as soon as possible.

More than two months have elapsed that nothing has been done in this regard and the employees of Askari Bank handling flexi cube are exposed to a diabolical dilemma and impasse because the day end and month end are not balancing at the expense of the over worked employees whose health and family life is suffering because of the fiasco created by the cyber monster which has been adopted by Askari Banks management.

This is another classical example of laundering and squandering of shareholders money who have put their faith in such an institution which has now been mired by malfeasance, in competency rape of merit and above all non professional hierarchy.

I request the State Bank of Pakistan and Securities and Exchange Commission of Pakistan to take immediate cognizance of the matter to restore the shareholders confidence and to salvage their hard earned investments.

Dr. Babur Zahiruddin

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Askari Bank