KARACHI (HRNW) The Federal Investigation Agency (FIA) arrested a former manager of a private bank allegedly involved in the embezzlement of millions of rupees and foreign currency, media reported.
The FIA spokesperson said that FIA Commercial Bank Circle while taking action on complaints received by overseas Pakistanis nabbed the accused.
The FIA said that the former manager of a private bank in connivance with his wife and other staffers had embezzled millions of rupees, as well as hundreds of thousands of US dollars.
According to the FIA Commercial Bank Circle, the accused and his accomplices through forged signatures on several documents to embezzle around Rs 49 million and over 600,000 US dollars.
“The accused has also misappropriated the loan issued in the name of an account holder,” the FIA added.