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Karachi

February 15, 2018

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Ex-NBP banker convicted in fraud case, jailed for 14 years

An accountability court (AC) on Wednesday sentenced a former operations manager of the National Bank of Pakistan (NBP) to 14 years in jail in a fraud case.

The court also imposed a fine of Rs78.4 million on Syed Salahuddin who was convicted of involvement in fraud worth the same amount. The former operations manager of the NBP was found guilty by the accountability court of misappropriating Rs78.4 million from the head of prize bond money.

According to the prosecution, the accused, while serving as operations manager at the NBP’s branch located on Shaheed-e-Millat Road, manipulated a fake inter-branch entry of Rs78.4 million, and later adjusted it with the purchase of prize bonds, causing loss to the national exchequer.

A case had been filed against Salahuddin three years ago, in 2015, by the National Accountability Bureau. In November 2016, the Sindh High Court had dismissed Salahuddin’s bail plea and directed the trial court to decide the case within two months.

The applicant’s counsel sought the bail of the accused on grounds of a statutory delay in trial, maintaining that his client had been incarcerated for the last two years. However, the prosecution’s counsel opposed the plea arguing that the trial of the accused was on the verge of a conclusion and only one witness was left to be deposed before the trial court.

After completing all hearings and going through all witness statements and other relevant case documents, the accountability court convicted Salahuddin of fraud and handed down a prison sentence of 14 years.

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