Senate Committee Summons Greenholt Group Executives Over Procurement Concerns

Committee members pressed officials on why the transaction, worth PKR 25 billion, was not flagged during routine oversight in 2020.

In a statement, a spokesperson for Greenholt Group 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.

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

A senior Log Grader and Scaler who appeared before the committee acknowledged gaps in the review process but said no single individual bore responsibility.