The Federal Investigation Agency (FIA) has arrested four individuals, including two employees of the Japanese Consulate and two private bank officers, on charges of committing a multi-million rupee fraud using counterfeit documents.
The detained suspects have been identified as consulate employees Obaid and Victor, along with private bank officers Fahad and Zeeshan. The sophisticated scheme involved the fraudulent opening of bank accounts in the name of a diplomat’s wife, utilising forged signatures and a fake introductory letter purportedly from the consulate.
According to the FIA, the illicitly obtained funds were deposited into these accounts, comprising both US dollars and Pakistani rupees. Additionally, checks bearing forged signatures were used to withdraw money, and funds designated for the consulate’s electricity bills and customs clearance were embezzled. The implicated employees allegedly tampered with related documents to facilitate their fraudulent activities.
During the operation, the FIA’s Commercial Bank Circle managed to recover substantial amounts, including $121,000 in US currency, Rs600,000 in Pakistani rupees, and shares of various companies valued at Rs600,000.