Thursday, May 12, 2011

Frauds due to parallel banking by bank staffers increased

Banking Mohtasib Pakistan Mansur-ur-Rehman Khan has revealed that the total number of formal and informal complaints received by Banking Mohtasib Secretariat under the category of frauds has reached an alarming level in 2010 due to the parallel banking operations of banks’ staffers.
There have been increasing instances of parallel banking and complaints about misappropriation of funds deposited by innocent customers.

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