A woman banker was denied bail by the banking court over allegations that she transferred money from customers accounts with the help of a colleague in the operations department of Barclays Bank Pakistan (BBP) on Tuesday. According to the FIR lodged by BBP, the woman banker withdrew funds, including transferring amount into accounts of her family who helped withdraw the same.
Being a Relationship Manager she knew the profile of some of her customers who are not very active. Upon detection of the fraud, the bank did a full investigation and subsequently filed a complaint in the FIA (Banking Circle) against the accused. The amount involved in the alleged fraudulent transaction is said to aggregate around Rs 70 million.
A Barclays spokesperson said: "Barclays Bank Pakistan spends a great deal of time and money protecting the interests of our customers. We have a zero tolerance policy towards staff fraud and no priority comes higher. "BBP has strong controls in place and through our own internal reviews we uncovered irregular behaviour and immediately notified the regulator and Commercial Banking Circle of Federal Investigation Agency. All impacted customers have been contacted and their accounts have been fully remediated," the bank added.