KARACHI: The Federal Investigation Agency (FIA) has detained a former manager of a private bank who is accused of embezzling millions of rupees and foreign currencies, ARY News reports.
The culprit was apprehended by the FIA Commercial Bank Circle while investigating complaints received from Pakistanis living abroad, according to a representative for the organization.
The FIA said that the former manager of a private bank, in collusion with his wife and other employees, embezzled millions of rupees and hundreds of thousands of US dollars.
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According to the FIA Commercial Bank Circle, the accused and his accomplices utilized forged signatures on various documents to embezzle around Rs 49 million and more than 600,000 US dollars.
“The accused has also misappropriated the loan issued in the name of an account holder,” the Financial Intelligence Agency (FIA) said.
More: FIA arrests man ‘engaged’ in Hawala-Hundi.
On February 28, the FIA apprehended a man allegedly involved in Hawala-Hundi and the sale of smuggled mobile phones in Karachi.
According to reports, the arrested accused operates a Hawala-Hundi and mobile phone smuggling network with accomplices in Dubai.
