In Karachi, the Federal Investigation Agency (FIA) has apprehended a former manager of a private bank on suspicion of embezzling millions of rupees and foreign currency. Acting upon complaints from overseas Pakistanis, the FIA Commercial Bank Circle took action leading to the arrest of the accused individual.
Reportedly, the ex-manager, in collaboration with his wife and other bank employees, is alleged to have siphoned off millions of rupees and hundreds of thousands of US dollars through fraudulent means. Using forged signatures on multiple documents, they managed to divert approximately Rs 49 million and over 600,000 US dollars.
Additionally, the FIA disclosed that the accused also misused a loan issued under a client's name. In a separate incident on February 28, the FIA arrested an individual involved in Hawala-Hundi activities and the sale of smuggled mobile phones in Karachi.
The arrested suspect, identified as Umair Jaffer, was reportedly part of a network operating Hawala-Hundi and mobile phone smuggling activities with associates based in Dubai. During a raid at Star City Mobile Mall, the FIA confiscated smuggled mobile phones, accessories, and foreign currency from Jaffer's possession, along with records of telegraphic transfers.
A case has been filed against the suspect in the anti-corruption circle, and efforts are underway to apprehend other suspects involved in these illegal activities.
