Lahore: Bank officer sentenced
LAHORE: An accountability court on Wednesday awarded five-year jail term to Khalid Mahmood, former officer of Habib Bank Limited, Shadman branch, on charges of embezzling Rs 3 million from bank accounts. The convict was also fined Rs 3.44 million.
The court has acquitted his co-accused Noor Muhammad, cashier of the bank, giving him the benefit of the doubt. A reference had been filed against both officials of the bank on charges of misappropriation of more that three million rupees in the accounts opened by general public with the bank.