Embezzlement of million rupees in EFU Chitral unit unearthed.
CHITRAL: Embezzlement of million rupees in Eastern Federal Union (EFU) Insurance Company Chitral unit revealed sourced told this scribe. The affected people submitted application in police station Chitral for lodging FIR against the former Manager of Chitral unit. The deposed Manager is out of Chitral. According to detail misappropriation million of rupees have been revealed in EFU Chitral unit. Hundred of people have been paid million of rupees as insurance as different policyholder. The policyholders disclosed that they had paid their money to Manager Sher Azam for depositing in their insurance premium account at Chitral office. The manager also has opened offices at Booni, Garamchishma and Mastuj as sub office where heavy amount was collected from clients. Hence the amount was not sent to head office of EFU insurance Company but was credited in his personal account by local Manager. Hence it was revealed by Jamil Abbas Manager of Peshawar branch who traveled to Chitral to manage or conceal this scandal. Hence it was revealed that some 9 million rupees have been embezzled in this financial scandal.
Hence some clients also complained that senior staff of Peshawar branch also accompli of local Manager in this scandal who were giving their equal share. Manager Peshawar Branch Jamil Abbas said that EFU authority have already terminated Manager Sher Azam on 17th October due to these misappropriation of fund hence he was collecting money from different clients on the name of their policy. Muharar of police station Chitral confirmed that some clients have submitted application in this police station for lodging proper First Information Report against former Manager Sher Azam which would be entertained after proper investigations. It was also revealed by a survey that those persons who were involved in such financial scandal of Biznass.com were recently working as consultant in EFU Insurance Company.
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