President Arif Alvi directs Bank to refund Rs 344,600 to fraud victim
President Dr Arif Alvi has upheld the orders of Banking Mohtasib directing Allied Bank Ltd to pay Rs 344,600 to a customer as the amount was fraudulently transferred from his account and the bank had committed maladministration by opening the fund transfer facility without his consent which caused financial loss to the customer.
Adil Aziz
President directs refund of Rs 4.1 Million to bank fraud victims
Muslim Commercial Bank (MCB) and one by Allied Bank Ltd (ABL) against the orders of the Banking Mohtasib directing these banks to refund the lost amount to victims of bank fraud President Dr Arif Alvi has directed two private banks to return a collective sum of Rs 4.1 million to four customers, who were swindled…
President directs banks to refund over Rs 0.5 Million to bank fraud victims
President Dr Arif Alvi directed two private banks to refund an amount of Rs 564,469 to three victims of bank fraud in cases of online funds transfers and fraudulent ATM transactions. The President gave these directions while deciding on three separate representations filed by Allied Bank Ltd (ABL), United Bank Ltd (UBL), and a citizen against…