Pakistan  |  Administrative Law

Legal Question

Asked on: 4/17/13, 7:28 pm

*** An Accountant of a private company embezzled funds by stealing cheques and deposited the amount in his bank account from where he got issued Fixed Deposit Receipt of Rs.1,000,000/- in his name. Later the company owner registered FIR against his said absconding employee. The FIA investigated the matter and Court (Offenses in Banks)issued order to release funds of fixed deposit receipt along with Interest in favour of complainant / company owner. The Court didn't send such order to the bank directly rather the complainant provided copy of this order to the bank. The Bank has not complied the order because it was not sent by the Court directly rather a copy of the same was provided by the company owner/complainant. Now it is heard from reliable sources that Court is issuing CONTEMPT OF COURT ORDER to the bank.Please advise what the bank should do in the stated scenario and further advise whether it is legitimate on the part of court to issue Contempt of Court to the Bank.

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