Fraud Charges : Bank manager, cashier suspended

KALLAR SYEDAN: A local bank’s operations manager and cashier were suspended for allegedly committing fraud. The cashier Arsalan Khurshid allegedly withdrew Rs200,000 from the account of Ameer by deactivating the SMS alert service saying that it was of “no use”. Later, Khurshid got a new cheque book issued in Ameer’s name. Using the new cheque book, Khurshid further withdrew Rs849,000 from Ameer’s account. The bank administration conducted an inquiry into the incident and found the cashier responsible for illegal withdrawals. An audit found the cashier also withdrew more than Rs300,000 from another client’s account. The operations manager of the bank and the cashier have been suspended.

Published in The Express Tribune, April 1^st, 2016.