The Federal Investigation Agency (FIA) on Thursday arrested an absconding suspect involved in a Rs20 million bank fraud case during an operation in the city.
According to an FIA spokesperson, the arrest was made by the Commercial Banking Circle in connection with FIR No. 21/26. The suspect, who had been on the run, was apprehended from the Old Sabzi Mandi area.
Officials said the accused was involved in a bank fraud and embezzlement case worth Rs20 million. The main suspect, a former banker, is already in FIA custody. Investigations revealed that the suspects obtained a cheque of Rs20 million from a customer on the pretext of a term deposit. The cheque was then fraudulently used to prepare a pay order in favour of a dummy account, and the amount was transferred to another bank account. The entire amount was later withdrawn, officials added.
The arrested accomplice, also a former banker, was said to had played a key role in executing the fraud and had been evading arrest prior to his capture. The operation was carried out by Inspector Maliha Alman. Further investigations were underway, the spokesperson said.
