FIA registers fraud case of Rs55mn against 7 employees of private bank

DASKA: Federal Investigation Agency (FIA) has registered a Rs55 million fraud and embezzlement case against as many seven accused officials of a private bank in Daska.

FIA Divisional Deputy Director Khalid Anees told that the FIA has registered this case on the report of JS Bank Limited, Area Manager Retail Sialkot District, Zafar Shahid Jaffari.

FIR revealed that the accused committed a fraud of Rs55 million with their mutual malpractice by drawing the amount illegally from the accounts of as many as 57 account holders of this bank, besides, running a parallel banking system within the bank.

Khalid Anees added that the FIA has arrested four accused; JS Bank Daska Branch Manager Arif Mehmood Butt, JS Bank Daska Operation Manager, Imtiaz Ahmed Mughal, JS Bank Daska Relationship Manager Muhammad Irfan, and JS Bank Daska Relationship Manager Rana Sajid Naeem and sent them behind the bars. Further investigations are underway, in this regard.