Saturday, December 2, 2023

Bank Fraud: Three bankers out of four are arrested for Rs 8.4 million

KARACHI: The Federal Investigation Agency (FIA) arrested four people on Tuesday, including three employees of the National Bank of Pakistan (NBP), in a bank fraud case of Rs8.4 million.

Moreover, According to the agency’s commercial bank circle , the four defendants named Ashhad Siddiqui, Jahanzeb Bashir, Karim Baksh, and Mohammad Osaf involved in the misappropriation of more than Rs 8.4 million.

However, They stole the amount through duplication and fraud.

While Ashhad Siddiqui transferred the money from a bank account owned by his namesake to his account in collusion with another accused.

But The case was filed against six people in the complaint of the manager of the relevant bank branch.

However, FIA Deputy Director Fahad Khawaja said two other defendants, Khalid Rasheed and Hussain Memon, which were also in the bank fraud have not yet been arrested.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Inline Feedbacks
View all comments

Read more

Latest news
Would love your thoughts, please comment.x