Former bank manager sentenced 28 years for money laundering

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Syed Ibn-ul-Hassan Naqvi, a former branch manager of the Muslim Commercial Bank, was found guilty of defrauding Rs20 million from the funds of Lasbella State Development Authority.

According to the FIA, the LSDA had deposited Rs20 million in its account but Naqvi withdrew all the money through fake documents.

The court also fined Naqvi Rs10 million. He will be facing another three years in prison if he fails to pay the fine.

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