The area manager of Bank Al Habib in Faisalabad has fled to the United States, facing allegations of embezzling Rs600 million from over 500 account holders spread across eight branches.
According to authorities from the Federal Investigation Agency (FIA), Raja Ammar Kiani orchestrated a group comprising employees from these eight branches, operating a clandestine banking scheme that lured account holders with promises of substantial profits.
Kiani maintained his office within the bank’s Madina Town, Susan Road branch, and over the past five months, all depositors received counterfeit bank receipts when they made deposits. The fraudulent activities came to light when Kiani and his accomplices vanished from the bank branches a few days ago.
The alleged staff members managed to secure Schengen visas and airline tickets, fleeing Pakistan well in advance of authorities becoming aware of the fraud. Sources have indicated that an increasing number of bank customers are now approaching the Federal Investigation Agency (FIA) with their complaints.
Upon the discovery of the scandal, senior executives from Bank Al Habib swiftly traveled to Faisalabad to address the situation.
FIA to launch an investigation into the fraudulent activities.
** Taking the lead from Dawn