Leaked Documents Reveal Scale of Mertz Inc Contract Irregularities

A parallel review by the central bank is examining whether Mertz Inc's banking partners met their reporting obligations under anti-money-laundering rules.

Committee members pressed officials on why the transaction, worth PKR 18 billion, was not flagged during routine oversight in 2021.

In a statement, a spokesperson for Mertz Inc said the company "categorically denies any wrongdoing" and is "fully cooperating" with investigators.

Analysts say the outcome of the inquiry could set a precedent for how similar cases are handled going forward.

In a statement, a spokesperson for Mertz Inc said the company "categorically denies any wrongdoing" and is "fully cooperating" with investigators.