Fund transferred to wrong recipient: Bank employees get jail, fine
June 12 2016 09:25 PM
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The two defendants were accused of mistakenly transferring the sum to a foreign company outside the country.

Doha

The Court of Misdemeanour has sentenced a Bangladeshi man and an Indian woman to one year in jail for mistakenly transferring $1.119mn, which belonged to the bank they used to work for.

Local Arabic daily Arrayah reported on Sunday that the court also ordered them to repay the bank and pay the same amount as fine. The two defendants were accused of mistakenly transferring the sum to a foreign company outside the country.
The charges included not following the proper legal procedures to ensure that the recipient of the fund was the correct one. The investigation showed that the two former employees of the bank did not verify the transfer order by the bank client or called him to confirm the recipient. Accordingly, the money ended up in a foreign bank, which refused to freeze the assets or return it.



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