ZTBL branch manager, manager operations get 21-year punishment in 3.5 million fraud case

Banking Court has given 21 years sentence to branch manager and manager operations in Zarai Taraqiati Bank Limited Khan Bela branch in 3.5 million fraud case on Monday, reported 24NewsHD TV Channel. 

During the hearing, all of four convicts and their counsel were present in the court. The court convicted bank officers to return the fraud amount to the bank. 

The court has ordered branch manager Abrar Al Hussain and manager operations Sajid Abbas to serve a total of 21 years in prison and pay a fine of Rs 200,000. In addition, both accused will return the embezzled amount of Rs 35.11 million to the bank, which will be Rs 17.455 million each.

According to the details, the accused were sentenced to seven years imprisonment under Section 409 and a fine of Rs 50,000. Under Section 467, seven years imprisonment and a fine of Rs 50,000. Under Section 468, four years imprisonment and a fine of Rs 50,000. Under Section 371, three years imprisonment and a fine of Rs 50,000. 

The court acquitted cashier Sohaib and MCO Shahid Bashir because the FIA could not prove any charges against them.