Bank official jailed for five years for fraudulently withdrawing money from account
A bank director has been sentenced to five years in prison and sacked from work for illegally withdrawing QR132,000 from a customer’s account.
The Criminal Court ordered the convict to refund the money and fined him QR132,000, reported local Arabic daily Al Sharq. He will also be deported upon serving his jail term.
The convict submitted an application under the customer’s name to get a new credit card and PIN number. When delivered in the branch, the bank director used the same credit card and PIN to embezzle money from the customer’s account.
Courtesy: gdnonline.com
B, It is not un common that even a fraud is initiated by the staff itself .............
wow... criminal activity by a bank director ?
I am sure this amount is just a month salary for him. Why he involved in this way ? Loose a job now. So sad.
I have been telling here for the years not to go up the steps of a bank, use ATM once in a six months ........ never be friendly with the bankers ....... better still just don't discuss money at all with any one ......... Think of Mutual Funds ........
Perhaps his in laws demanded a loan .. So sad