FIA arrests private bank manager in Hajj funds embezzlement case

By: News Desk
Published: 04:14 PM, 5 Feb, 2022
FIA arrests private bank manager in Hajj funds embezzlement case
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The Federal investigation Agency (FIA) Saturday arrested the private bank manager in Karachi for allegedly embezzling funds deposited for Hajj lottery, reported 24NewsHD TV channel.

The accused Ashfaq Qadir had made the overdue payments from the credit card from bank accounts at five branches for 37 times. The accused manager has allegedly embezzled more than Rs2.5m in various cases.

Excess amount embezzled was related to refundable amount to those people who remained unsuccessful in Hajj lottery.

The accused transferred money from Kharadar Branch to joint account as a manager during 2016-18. The accused had opened a joint account with his wife at Bahadurabad branch of a private bank.

Accused issued pay orders and banker's checks from private bank head office for embezzlement. The accused also transferred money from the account of the female officer of his branch to the joint account.

Besides paying his own credit card overdues, the accused paid his wife dues with money from various account holders. The accused also used the IDs of four of his junior officers for fraud.

Sub-Inspector Sheikh Shehroze arrested the accused in the case registered after the launching of investigation.

On the other hand, FIA Cyber Crime Rawalpindi took action against accused involved in financial fraud as the officials conduct a raid in Sargodha and arrested the accused.

Muhammad Yusuf son of Bashir Ahmed was arrested from Sargodha district. Accused was wanted in cybercrime cell in FIR No. 75/21.

Reporters: Samar Abbas and Saud Butt