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NAB files reference against Ex-UBL manager in Rs 56 mln fraud.

QUETTA -- National Accountability Bureau Balochistan has filed a reference in Accountability Court Quetta, against ex-Manager United Bank Limited Quetta related to misappropriation of Rs 56.055 million.

Accused Dost Mohammad Nasir, ex-Manager UBL, Meezan Chowk Branch, Quetta being manager misused his authority and fraudulently misappropriated the proceeds of the account holders depriving them from their hard earned money.

He caused loss to the tune of Rs. 56.055 million to the financial institution.

The matter was taken up by NAB (Balochistan) and the investigation conducted revealed that during posting of Dost Mohammad Nasir in UBL Meezan Chowk Branch he was involved in parallel banking and used to interact with selected customers himself passing a direction to the other bank staff, not to deal with such account holders.

He used to keep parallel record of banking with himself and whenever an account holder demanded the money back through cheque he by consulting his private record paid him the amount.

He established good contacts with the account holders who instead of going cash counter preferred to go to his office.

The UBL administration came to know when ex- Manager was forcefully relied and posted to other branch of the bank and affectees demanded their money back. Administration paid the misappropriated amount to 48 claimants after a due process of the verification.

Now, this reference will pave the way to hold accountable all those persons accused of dishonesty, misappropriation and criminal breach of trust.

In addition, it is a measure to educate and aware the general public and society to discourage such elements who dishonestly induces them to provide special services.

DG NAB (B) Tariq Mehmood Malik has shown his resolve to bring to justice all such elements and provide a relief to general public and society.

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Publication:The Frontier Star (Northwest Frontier Province, Pakistan)
Date:Sep 11, 2015
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