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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