Bank employee gets jail, fine for transferring fund to wrong account
The Court of Misdemeanour has sentenced an Asian man and woman to one year in jail for mistakenly transferring $1.119m, which belonged to the bank they used to work for.
Local Arabic daily Arrayah reported that the court also ordered them to repay the bank and pay the same amount as fine. The two defendants were accused of mistakenly transferring the sum to a foreign company outside the country.
The charges included not following the proper legal procedures to ensure that the recipient of the fund was the correct one.
The investigation showed that the two former employees of the bank did not verify the transfer order by the bank client or called him to confirm the recipient.
Accordingly, the money ended up in a foreign bank, which refused to freeze the assets or return it.
Courtesy: gulf-times.com
I don't see as a mistake........
"The charges included not following the proper legal procedures to ensure that the recipient of the fund was the correct one.
The investigation showed that the two former employees of the bank did not verify the transfer order by the bank client or called him to confirm the recipient"
Sorry to say, but it's like investigation is not properly conducted here in Qatar or may be is the way perceived it.........
So they have to repay the monies as well as a similar amount in fines ...
Very unusual ... They must be loaded
A foreign bank has to return the money which does not belong to them ..........................