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FIA arrests 7 employees in Rs55m fraud case

byCT Report
03/10/2017
in Business
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Federal Investigation Agency (FIA) has registered a Rs55 million fraud and embezzlement case against as many seven accused officials of private bank in Daska. Khalid Anees FIA Divisional Deputy Director told that the FIA has registered this case on the report of Zafar Shahid Jaffari , Area Manager Retail, JS Bank Limited Sialkot District.

FIR revealed that the accused committed a big fraud of Rs.55 million with their mutual malpractice by drawing this big amount illegally from the accounts of as many as 57 account holders of this bank, besides, running a parallel banking system within the bank. Khalid Anees  added that the FIA has arrested  four accused Arif Mehmood Butt (Branch Manager JS Bank Daska), Imtiaz Ahmed Mughal (Operation Manager , JS Bank Daska), Rana Sajid Naeem  and Muhammad Irfan (Relationship Managers , JS Bank Daska) and sent them behind the bars. Further investigations were underway, in this regard.

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