October 13, 2007	Saturday	Ramazan 30, 1428

ISLAMABAD, Oct 12: The Zarai Taraqiati Bank (ZTBL) foiled an attempt of a forged transaction of Rs100 million in one of its branches in the federal capital.

According to a press releases issued by the bank here on Friday, an employee of the SECP deposited a cheque for Rs100 million in his wife’s account maintained at the ZTBL head office.

The cheque was drawn from the HBL Corporate Centre Islamabad and ZTBL collected it on Oct 4 for credit into its payee’s account.

The concerned officials of the ZTBL perceiving the inconsistency of the said transaction with credit history of account, although collected the cheque, however, kept an eagled eye on the account.

Subsequently, when a cheque of Rs70 million received in clearing for encashment of aforesaid amount; the already vigilant officials further probed into the matter and returned the cheque unpaid.

Now, it has been transpired and informed by the concerned quarters that the amount of Rs100 million, which was deposited through the cheque and collected by the ZTBL, was withdrawn forgedly from the HBL Corporate Centre Branch.

In this regard, the timely vigilance and meticulous compliance of the State Bank of Pakistan (SBP) instructions regarding ‘anti-money laundering’ and ‘know your customer,’ the ZTBL successfully managed to foil the withdrawal of Rs70 million out of this forged amount, it said.—APP