KARACHI: First case of dishonoured cheques: 2 men held
By Our Staff Reporter
KARACHI, Dec 31: Police have arrested two men in the city for issuing cheques which were dishonoured.
These persons had borrowed Rs1.8 million from a bank and had issued post- dated cheques for repayment. The cheques were dishonoured.
Sources said police arrested Asher Navaid and Shakaib Ahmed on a charge of issuing dishonoured cheques.
Police registered an FIR 175/2002 at Mithadar police station on the complaint of Aftab Amin Ali, in charge, Risk Management and Fraud Control Unit, Consumer Banking of the Standard Chartered, under section 489-F of PPC.
It is the first case after the insertion of section 489-F in Pakistan Penal Code through the promulgation of an ordinance by the president on Oct 25.
