Rumors are making rounds that the name of Pakistan International Airlines (PIA) CEO Bernd Hildenbrand has been put on the Exit Control List (ECL) of Pakistan.
The CEO of PIA is currently being investigated because of alleged misappropriation of funds in the purchase of aircrafts. His name has been put in the ECL list to stop him from any foreign travel and is to remain in the list until the completion of further investigation against him by the Federal Investigation Agency (FIA).
It was reported that Hildenbrand was receiving a salary package of more than $10,000 per month. However, the CEO made headlines after it was reported that he demanded a raise with additional fringe benefits. It is worth noting that under the PIA rules, the CEO cannot receive any increment in salaries or any perks and privileges.
Interestingly enough, according to PIA’s spokesman, Hildenbrand was receiving $10,000 a month which was to be increased to $18,000 in future. “Even after the increase, it will be very much lesser than what CEOs of other carriers in Pakistan are getting,” he said.
A copy of the notification has been sent out to all the major airports across the country mentioning that Bernd Hildenbrand should not be allowed to leave the country.
Since the investigation will start soon, it is yet to see whether the allegations against PIA’s CEO will prove to be right or not. In any case, we’ll keep a track on the story to keep our readers up to date.