Four arrested in multimillion-rupee fraud case involving Japanese consulate employees

FIA recovers $121,000, Rs600,000, and shares of different companies worth Rs600,000

Our Correspondent June 11, 2024


The Federal Investigation Agency (FIA) arrested four individuals on Tuesday, including two employees of the Japanese Consulate and two private bank officers involved in committing fraud worth millions of rupees using counterfeit documents.

Among those arrested are consulate employees Obaid and Victor, and private bank officers Fahad and Zeeshan.

The fraudulent scheme involved opening two bank accounts in the name of a diplomat's wife, using forged signatures and a fake introductory letter from the consulate. The embezzled funds were deposited into these accounts, which included both US dollars and Pakistani currency.

Furthermore, checks with fake signatures were used to withdraw money, and funds intended for the consulate's electricity bills and customs clearance were also embezzled.

The involved employees tampered with the documents related to these expenses.

The FIA's Commercial Bank Circle recovered significant amounts during the operation, including $121,000, Rs600,000, and shares of different companies worth Rs600,000.



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