Former bank manager sentenced 28 years for money laundering

Image

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.

You May Also Like

Image

FO sharply criticised Israel for violations of international law

ISLAMABAD: The Foreign Office on Friday sharply criticised Israel for its flagrant violations of international law and urged the UN

Image

Hamas leader to meet Turkey President

GAZA: Hamas political leader Imsail Haniyeh will meet Turkey’s President Recep Tayyip Erdogan on Saturday with Middle East tensions

Image

Maryam Nawaz visited Kartarpur via helicopter: Punjab Govt

NAROWAL: Punjab Chief Minister Maryam Nawaz visited Kartarpur on Thursday via helicopter and she was not travelling with a motorcade