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KARACHI: The National Bank of Pakistan (NBP) has continued to extend full cooperation to investigators probing alleged embezzlement of funds of the bank’s Military Road branch, Sukkur.
Reacting to a news item published in Dawn on April 12 headlined “Audit of NBP’s Sukkur branch unearths Rs1bn embezzlement”, the bank said in a statement that the matter was identified internally.
The NBP, which did not name the probe body, stated that after a thorough internal investigation, a formal complaint was lodged with “the law enforcement agency (LEA) in 2023 along with all supporting documents and evidence”.
Without mentioning the exact amount, the NBP claimed that the amount mentioned in the news report was “exaggerated, incorrect, and contributes to sensationalising the matter”.
“NBP remains committed to integrity, transparency, and legal compliance and, like in the present matter, follows its own processes as well as all the recourses available under law,” it added.
Published in Dawn, April 17th, 2025
