Reps propose 20-year jail, asset forfeiture for fraudulent bankers

The House of Representatives is considering stricter punishment for workers in the banking sector confirmed to have committed fraud, raising the jail term from 10 to 20 years in addition to forfeiture of assets. This is being proposed in the Bank Employee etc (Declaration of Assets) Act I Amendment) Bill, 2020, which passed the second Read More



Source: Punch Newspaper