The Federal Investigation Agency (FIA) apprehended four individuals on Tuesday, including two Japanese Consulate employees and two private bank officers, for their involvement in a multi-million rupee fraud using forged documents.
The arrested individuals are consulate employees named Obaid and Victor, along with private bank officers Fahad and Zeeshan.
The fraudulent scheme included the opening of two bank accounts in the name of a diplomat’s wife, using counterfeit signatures and a forged introductory letter from the consulate. Embezzled funds, including US dollars and Pakistani currency, were deposited into these accounts.
Additionally, fake signature checks were utilized to withdraw money, and funds designated for the consulate’s electricity bills and customs clearance were misappropriated. The implicated employees also manipulated documents related to these expenses.
During the operation, the FIA’s Commercial Bank Circle recovered significant amounts, including $121,000, Rs600,000, and shares of various companies worth Rs600,000.
