LAHORE MIRROR – In a shocking revelation, a staggering 5 billion rupee fraud has been exposed at Bank Al Habib in Faisalabad.
According to media reports, both the Bank manager and staff members have absconded to the United States.
The mastermind behind this elaborate scam, Bank manager Raja Ammar Kayani, not only maintained his role at Bank Al Habib but also operated his own fraudulent bank on the side.
He enticed account holders with the promise of substantial profits running into crores of rupees.
The FIA (Federal Investigation Agency) in Faisalabad has swiftly taken action, registering a case and initiating investigative procedures.
Numerous individuals have come forward, filing petitions for redress.
This fraudulent activity has affected over 500 account holders in Faisalabad, with up to 10 branches reportedly compromised.
Raja Ammar Kayani, the Area Manager at Bank Al Habib, and other key operations staff members have fled to the United States and Europe, accompanied by their spouses and children.
The fraudulent scheme involved the issuance of fake letters to account holders, promising higher profits at special rates.
These account holders were provided with profits for three to four months, which further lured more citizens into opening new accounts.
Subsequently, these individuals, together with their families, arranged visas and tickets to Washington, leaving account holders in a state of frantic search and distress.
