This is an old revision of this page, as edited by Veldsenk (talk | contribs) at 10:32, 14 December 2024 (←Created page with ' '''Hussain Lawai''' (born 1945) is a Pakistani banker who served as the chief executive officer (CEO) of Summit Bank from 2011 to 2016. Previously, he seved as the CEO MCB Bank from 1991 to 1996. ==Early life and education== Hussain Lawai was born in 1945. He obtained an MBA from the Institute of Business Administration, Karachi in 1967.<ref>https://profit.pakistantoday.com.pk/2018/07/16/the-return-of-husain-lawais-legal-troubles/</ref>...'). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.
Revision as of 10:32, 14 December 2024 by Veldsenk (talk | contribs) (←Created page with ' '''Hussain Lawai''' (born 1945) is a Pakistani banker who served as the chief executive officer (CEO) of Summit Bank from 2011 to 2016. Previously, he seved as the CEO MCB Bank from 1991 to 1996. ==Early life and education== Hussain Lawai was born in 1945. He obtained an MBA from the Institute of Business Administration, Karachi in 1967.<ref>https://profit.pakistantoday.com.pk/2018/07/16/the-return-of-husain-lawais-legal-troubles/</ref>...')(diff) ← Previous revision | Latest revision (diff) | Newer revision → (diff)Hussain Lawai (born 1945) is a Pakistani banker who served as the chief executive officer (CEO) of Summit Bank from 2011 to 2016. Previously, he seved as the CEO MCB Bank from 1991 to 1996.
Early life and education
Hussain Lawai was born in 1945. He obtained an MBA from the Institute of Business Administration, Karachi in 1967.
Career
Lawai began his career at MCB Bank, advancing within corporate banking. In the 1980s, Lawai led Emirates NBD Bank in Pakistan and East Asia and later assisted in establishing Faysal Islamic Bank’s branches in Pakistan in 1987.
In January 1991, MCB Bank was privatized through an auction won by a consortium of twelve industrialists. At the time, Lawai was the CEO of Faysal Islamic Bank and acted as an advisor to the consortium. Following the privatization, he was appointed CEO of MCB Bank.
During his tenure, the Pakistani banking sector was undergoing privatization while still experiencing political interference. Lawai developed relationships with political figures, including Asif Ali Zardari. In October 1996, after the removal of the second Benazir Bhutto administration, the government investigated corruption allegations against several officials, including Zardari. Lawai was accused by the governments of Pakistan and the United Arab Emirates of allowing MCB Bank to be used for money laundering to the UAE, allegations that were never substantiated. A UAE court cleared him of these charges in 2002. Despite his exoneration, the accusations led to his dismissal from MCB Bank and his subsequent exile to the UAE and London.
After twelve years abroad, Lawai was acquitted of all money laundering charges in Pakistan in 2008.
References
- https://profit.pakistantoday.com.pk/2018/07/16/the-return-of-husain-lawais-legal-troubles/
- https://profit.pakistantoday.com.pk/2018/07/16/the-return-of-husain-lawais-legal-troubles/
- https://profit.pakistantoday.com.pk/2018/07/16/the-return-of-husain-lawais-legal-troubles/
- https://profit.pakistantoday.com.pk/2018/07/16/the-return-of-husain-lawais-legal-troubles/
- https://profit.pakistantoday.com.pk/2018/07/16/the-return-of-husain-lawais-legal-troubles/
- https://profit.pakistantoday.com.pk/2018/07/16/the-return-of-husain-lawais-legal-troubles/
- https://profit.pakistantoday.com.pk/2018/07/16/the-return-of-husain-lawais-legal-troubles/
- https://profit.pakistantoday.com.pk/2018/07/16/the-return-of-husain-lawais-legal-troubles/
- https://profit.pakistantoday.com.pk/2018/07/16/the-return-of-husain-lawais-legal-troubles/