Bank staff involved in Rs208m scam faces money laundering cases
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The Federal Investigation Agency (FIA) on Friday registered two separate cases of money laundering against employees of a bank.
According to spokesman for FIA Sindh, the Corporate Crime Circle FIA Karachi registered the cases in continuation of a case registered at the Aziz Bhatti Police Station, Gulshan-e-Iqbal.
As p-er an FIA statement, JS Bank Gulshan-e-Iqbal Branch Manager Agha Mansoor Ali, Gold Finance Executive Adeel Latif, Operations Manager Kamran, Relationship Manager Muhammad Saleem conspired and committed fraud in March this year.
The accused fraudulently obtained more than Rs208 million as loan against gold jewellery in the names of various persons. However, the jewellery they deposited was fake.
Accused Adeel Latif bought two vehicles worth Rs5.8 million in the name of his mother Azra Latif. The amount for the vehicles was paid from Ayesha Mirza and Laiba Fatima Joint Account.
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Accused Adeel also transferred Rs2.4 million into his personal account. Accused Ayesha Mirza using names of 11 different persons obtained a vehicle worth Rs8 million in her mother's name, 16 flats, a house in Gulshan e Maymar, a bungalow in KDA Scheme No24 and files of 16 plots in Malir Town in her own name. The value of the said properties is being determined.
Cases have been registered against Adeel Latif, Azra Latif, Ayesha Mirza, Fatima, Laiba and Abida under Anti Money Laundering Act.
All the bank accounts and assets of the accused have been frozen. Further investigations are underway.
Published in The Express Tribune, September 18th, 2021.