Manager behind fraudulent bank withdrawals fired, Senate told

A foreign bank disclosed before the Senate Standing Committee on Finance and Revenue on Wednesday that an employee was found involved in fraudulent actions, while the Federal Investigation Agency (FIA) said its forensic report had established the involvement of bank staff in the embezzlement of Rs410 million from the accounts of certain overseas Pakistanis. The additional director of FIA and the chief executive officer of the Dubai Islamic Bank testified before the Senate panel, chaired by Saleem H. Mandviwalla. The committee asked the FIA to submit its final report within 21 days after the registration of an FIR.