New stunning revelations in Fake Bank Accounts case: Billions found in dead man account

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New stunning revelations in Fake Bank Accounts case: Billions found in dead man account

KARACHI - New developments have been made in the fake bank accounts case.

Yet another transaction worth billions of rupees was detected in fake bank accounts of a man from Karachi on Monday.

Iqbal Aaraiyn, who passed away on May 9, 2014, had three bank accounts mysteriously opened under his name after his death. A total of Rs4.6 billion worth of transactions were found to have been conducted through these fake accounts, sources familiar with the matter said. link link

A number of deposits such as this have surfaced in recent days, as the Federal Investigation Agency (FIA) continues its probe in a high-profile money laundering case involving fictitious ‘benami’ bank accounts.