ISLAMABAD: The Federal Investigation Agency (FIA) has arrested a staffer of a multinational bank for allegedly withdrawing over Rs2.4 million from the account of a customer.
FIA officials said Saad Khan, the suspect, worked as a financial consultant at the F-11 branch of the bank, where he opened an account for Syed Ashfaq Hussain. Officials told a judicial magistrate on Friday that the account holder had gone abroad in January 2015.
The suspect had not informed the account holder of his account number nor delivered his cheque book and ATM card to him. “Saad Khan fraudulently obtained a cheque book for the account during the customer’s stay abroad and encashed Rs2,463,000 through 10 cheques by forging signatures of the account holder,” FIA officials informed Judicial Magistrate Rasool Bakhsh. The suspect cashed these cheques at different branches of the same bank.
Later when the account holder and the bank came to know about the fraud, they lodged a complaint with the FIA’s commercial bank circle. The FIA launched an inquiry and booked the suspect for fraud and forgery.
Khan was arrested on Thursday and produced before the judicial magistrate on Friday. Sub-inspector Nadeem Akhtar Awan requested the court to award 10-day physical remand of the suspect for recovery of the embezzled amount and to reach his accomplices if any. The court, allowed three-day physical remand and directed the FIA to produce him again on November 14.