Bank manager 'robs' account holders of millions using fake documents 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 in Karachi.

According to an FIA spokesperson, the arrest was made by the FIA Commercial Bank Circle in response to complaints received from overseas Pakistanis.

The FIA stated that the ex-manager, along with his wife and other bank employees, allegedly misappropriated millions of rupees and hundreds of thousands of US dollars.

The investigation revealed that through the use of forged signatures on multiple documents, they siphoned off approximately Rs49 million and over 600,000 US dollars.

Additionally, the FIA disclosed that the accused also diverted a loan sanctioned under a client's name for personal use.

Earlier in another incident on February 28, where the FIA detained an individual suspected of involvement in Hawala-Hundi operations and the illicit sale of smuggled mobile phones in Karachi.