KARACHI - Allied Bank has reassured its customers that there was no reason for them to worry about their deposits and lockers, following a robbery at its Foreign Exchange Branch in Karachi on Sunday. Allied Bank follows robust security procedures and has full insurance coverage of its cash balances. All the customers related record including lockers are absolutely safe and secure. I.I Chundrigar Road branch is providing services to its valued clients without any interruptions and is doing business as usual, said a spokesman of the Bank. Senior executives of the bank Tariq Mahmood, Group Chief, Operations, Aun Ali, Group Head South; Mirza Anwar Hussain, Head Branch Operations South, GM Geddy, Regional Head, City Region and Abdul Hafeez Butt, Group Head of Branch Banking Operations reached the Foreign Exchange branch as soon as they heard the news and remained there till late night to facilitate police high-ups, informed the spokesman. Responding to a query, the spokesman said that the CCTV cameras installed at all Allied Bank branches are of high quality and in compliance with the State Banks requirement. Other leading banks are also using the same technology. However, he pointed out, the burglars had disabled the CCTV cameras as well as all the other security equipment such as the alarm system, prior to breaking one of its nine safes. According to the official version of the Bank, Shahid Mahmood a security guard posted at the branch over powered the security personnel present at the branch with the help of four unknown accomplices on Sunday morning. They broke into the double-vault strong-room with the help of gas cutters after disabling the smoke detectors, fire alarm system and CCTV cameras. One out of the nine safes was broken with the help of a gas cutter. The culprits took away foreign exchange worth over Rs 312m including Pak currency notes worth Rs 28,000. Furthermore, currency notes worth rupees 685,000 were also found burnt/ damaged. Two suspects, Imran and Zamir Hussain, both security guards, posted at the said branch, have been under arrest while the prime suspect Shahid Mahmood along with other four unknown companions is absconding. The police investigations are underway and further updates will be provided to the media as soon as available, concluded the spokesman. Allied Bank is one of the top five banks in Pakistan, having sound capital base and substantial accumulated reserves, large clientele and deposit base of over Rs 300b.