QUETTA: A banking court sentenced a former bank manager to 28 years in prison on charges of embezzlement of government funds.
Judge Munir Ahmed Marri also imposed a fine of Rs10 million on Syed Ibn-Al-Hassan Naqvi, the former manager of MCB’s Hub branch. In case of default, the convict would have to undergo over three-year imprisonment.
The Federal Investigation Agency, banking circle Quetta, had registered a case against accused Naqvi pertaining to embezzlement of Rs20m of the Lasbela Industrial Estate Development Authority that it wanted to deposit in the bank for three years. The ex-manager provided fake bank documents to the LIEDA officials and instead of depositing the amount in the bank embezzled it.
Published in Dawn, April 25th, 2021
