NAT'L BANK OF PAKISTAN v. BASHAM


142 A.D.2d 532 (1988)

National Bank of Pakistan, Plaintiff, v. Saeed A. Basham et al., Defendants National Bank of Pakistan, Appellant, v. Fireman's Fund Insurance Company, Respondent and Third-Party Plaintiff, et al., Third-Party Defendants

Appellate Division of the Supreme Court of the State of New York, First Department.

July 21, 1988


On or about September 25, 1983, plaintiff-appellant National Bank of Pakistan (appellant) contracted with defendant-respondent Fireman's Fund Insurance Company (respondent) for a policy of fidelity and other insurance, and a banker's blanket bond. Among the losses covered under the policy were those "resulting directly from dishonest or fraudulent acts of an Employee committed alone or in collusion with others".

The insurance policy was in effect on April 10, 1985...

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