LAHORE:The Federal Investigation Agency (FIA) Lahore Zone has arrested a proclaimed offender allegedly involved in a bank loan fraud worth Rs6.4 million.
According to detail, the arrest was made by the FIA Banking Circle Lahore during a raid conducted in Manga Mandi. The suspect was identified as Asif Ali.Officials said the accused lured a citizen by offering to arrange a bank loan of Rs6.4 million. With the alleged connivance of bank employees, the suspect managed to get a loan of Rs6.4 million approved in the name of the citizen.
However, the citizen was informed that the loan amount was Rs2.4 million, while the remaining amount was allegedly misappropriated by the suspects. The accused also allegedly collected Rs300,000 separately from the Rs2.4 million obtained by the citizen.
