Fraud suspect booked for money laundering too

The female bank officer under trial for a multi-billion rupees scam of using fake gold jewellery as collateral to process loans was booked in money laundering cae too.

FIA Banking Circle officials said that a commercial bank had offered its clients urgent loans against gold. However, an employee of the bank, Ayesha Mirza got many loans processed by keeping artificial gold jewellery as collateral. FIA officials discovered that Mirza was also running a money laundering racket.

Ayesha Mirza illegally obtained $95,854 and deposited it in her foreign currency account.

The investigation reveals that the accused didn't buy these dollars from any authorized exchange company. The suspect used her foreign currency -bank account to transfer $92,000 to the United States. For the purpose of purchasing a property, the accused sent dollars equivalent to more than $2.5 million to her brother.

Published in The Express Tribune, April 1^st, 2023.