The Federal Investigation Agency (FIA) arrested a key suspect involved in a Rs20 million financial fraud in Karachi, officials said on Wednesday.
According to an FIA spokesperson, the Commercial Banking Circle (CBC) Karachi carried out the operation and arrested the accused, identified as Nadeem, a banker. During the investigation, it was revealed that the suspect fraudulently misused a customer’s cheque. The cheque had originally been issued for a Term Deposit Receipt (TDR), but the accused allegedly used it to create a pay order instead. Authorities said the suspect later withdrew Rs20 million through fraudulent means, causing a financial loss to the customer.
