Customers reassured: full insurance coverage of cash balances: ABL
KARACHI (December 15 2009): Allied Bank has reassured its customers that there was no reason for them to worry about their deposits and lockers, following a robbery at its Foreign Exchange Branch, in Karachi on Sunday. The bank follows robust security procedures and has full insurance coverage of its cash balances", an ABL spokesman said, adding that all the customer-related record including lockers are absolutely safe and secure.
The I.I. Chundrigar Road branch is providing services to its valued clients without any interruptions and is doing business as usual, said the spokesman. ABL senior executive Tariq Mahmood, Group Chief, Operations, Aun Ali, Group Head South; Mirza Anwar Hussain, Head Branch Operations South, GM Geddy, Regional Head, City Region and Abdul Hafeez Butt, Group Head of Branch Banking Operations reached the Foreign Exchange branch as soon as they received the news of the break and remained there till late in the night facilitating the DIG Police, Karachi South, Ghulam Nabi Memon.
To a query, the spokesman said that CCTV cameras installed at all Allied Bank branches are of high quality and in compliance with the State Bank requirements, while same technology is also being used by other leading banks. However, the burglars had disabled the CCTV cameras as well as all the other security equipment such as the alarm system, prior to breaking open one of its nine safes, he pointed out.
According to the official version of the bank, Shahid Mahmood, a security guard posted at the branch, over powered the security personnel present at the branch with the help of four unknown accomplices on Sunday morning. They broke into the double-vault strong room with the help of gas cutters after disabling the smoke detectors, fire alarm system and CCTV cameras. One out of the nine safes was broken with the help of a gas cutter.
The culprits took away foreign exchange worth over Rs 312 million including Pak currency notes worth Rs 28,000. Currency notes of Rupees 685,000 were also found burnt/damaged. The spokesman said two of the suspects, Imran and Zamir Hussain, both security guards posted at the said branch, have been under arrest while the prime suspect Shahid Mahmood, along with other four unknown companions, is absconding. Police investigations are underway and further updates will be provided to the media as soon as available, concluded the spokesman.-PR