Banks to repay fraud victims as president rejects appeals ...palestine

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Banks to repay fraud victims as president rejects appeals
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President Arif Alvi has upheld a decision by the banking ombudsman ordering banks to repay three customers who filed complaints after losing funds in unauthorized and fraudulent digital transactions. jwplayer("jwp-outstream-unit").setup({}); Complainants Najma Sultana, a retired teacher and a widow, Zahid Shah, a PAF technician and Tariq Mehmood Chaudhry, had filed separate petitions against two private banks after they lost Rs1.2 million in unauthorized debits. The Banking Ombudsman (Mohtasib) had advised banks concerned to pay recompense to all complainants because neither of the complainants had authorized the transactions in question. Banks had

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