FAISALABAD – Several customers of Bank Al Habib, a private Pakistani bank,have been deprived of billions of rupees allegedly by bank officials in afraud in Faisalabad city of the Punjab province, it emerged on Thursday.
Reports said the Federal Investigation Agency (FIA) has launched aninvestigation into the scam after receiving multiple complaints fromcustomers of the bank’s different branches in the city.
Prime suspect, identified as Raja Ammar Kiyani, who was area manager inFaisalabad, has reportedly fled to the United States of America (USA) toavoid legal action after looting over Rs5 billion from people.
Other suspects involved in the case are also disappeared since the FIA hasstarted investigating the matter.
Reports said they were running a parallel banking system under which theyissued fake letters to people after receiving payments. They also gaveprofits to the customers for a few months to attract more depositors.
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The high-ups of the Bank Al Habib have also reached Faisalabad to look intothe matter.
The actual amount looted in the fraud is bigger, as FIA is still receivingmore complaints in this regard.
