Increase font size Decrease font size Reset font size

Sindh lodges FIR against NBP for funds’ ‘illegal’ transfer

2017-09-22
KARACHI: In a surprise move, the Sindh government on Thursday lodged an FIR against the National Bank of Pakistan over alleged illegal transfer of Rs294 million from its kitty to the Federal Board of Revenue, officials said.

The FIR (272/2017) was lodged with the Mithadar Police against the divisional head of the Karachi NBP on a complaint of a senior official of the Sindh Excise and Taxation Department under Sections 409 (criminal breach of trust by public servant, or by banker, merchant or agent) and 420 (cheating and dishonestly inducing delivery of property) of the Pakistan Penal Code.

According to the FIR, the amount transferred from the head of account of infrastructure cess has nothing to do with the withholding tax.—Staff Reporter