Ex-bank manager gets 28 years in jail for corruption
A banking court judge in Quetta on Saturday awarded 28 years imprisonment and a fine of Rs10 million to a former manager of a private bank over embezzlement of government funds.
The Federal Investigation Agency (FIA) banking circle filed a case against Syed Ibn-e-Al-Hassan Naqvi, a former manager of the private bank Hub branch in the banking court over the charges of embezzling Rs20 million.
The Lasbela Industrial Estate Development Authority (LIEDA) had handed over the amount to the bank manager as the official wanted to fix it in the bank for three years. The accused provided fake bank documents to the LIEDA officials and misappropriated the amount instead of depositing it in the account.
After three years, the LIEDA officials contacted the bank for the profit. But they were informed that the amount was not deposited in the bank in the fixed account type.
On the complaints of LIEDA, the FIA Quetta banking circle registered a case against Naqvi and initiated inquiry against him. Inspectors Zubair Ahmed Durrani and Saeeda Saeed completed probe against the accused and filed the case of embezzlement of government funds in the court.
After the charges were proved against the former bank manager, the court awarded him imprisonment and fine.
Published in The Express Tribune, April 25th, 2021.