Rawalpindi: 2 ex-NBP officials convicted in money laundering case
RAWALPINDI: A French court has sentenced two former officials of the National Bank of Pakistan (NBP) to suspended imprisonment with 20,000 Euros each fine for playing role in a money laundering case. The French court has also imposed 200,000 Euros fine on the NBP as a warning. One hundred and thirty persons were individually involved in a money laundering case between 1996 and 2000 and they used four banks for the purpose. As the proceedings of the case started, the NBP had sacked its manager and deputy manager, who were French nationals. An appeal against the verdict of the French court could be filed within 10 days and the NBP authorities are considering the option of filing an appeal.