FAISALABAD: A banker has fled to the United States after allegedly embezzling approximately Rs600 million from customers.
The bank area manager along with his accomplices embezzled from more than 500 account holders across eight branches in the city.
Federal Investigation Agency (FIA) has started investigating after the bank manager and his accomplices fled abroad.
Raja Ammar Kiani had formed a gang consisting of staffers from these eight branches. FIA officials said they were operating a parallel banking system by enticing account holders with high returns.
Kiani set up his office in the bank branch located in Madina Town, Susan Road. During the last five months, all account holders were issued fake bank receipts when depositing money.
The fraud was revealed when Kiani and his gang members disappeared from the bank branches a few days ago. FIA officials said his accomplices had also fled abroad.
According to reports, the bank fraud could be worth billions of rupees. The suspected staff members got Schengen visas and tickets and fled the country before the authorities took notice of the fraud.
Many bank customers are approaching the FIA with complaints. The bank’s higher officials flew into Faisalabad as soon as the scandal was detected.
