Four bankers involved in scam given in FIA custody

KARACHI - The District and Sessions Judge, South, Asif Ahmed on Wednesday handed over four bankers involved in the financial scam to FIA till December 31st. The accused, owner of Sahara Money Exchange Company (SMEC) Mehboob Motiwala along with other four bankers was arrested on Tuesday night by the FIA. The accused Syed Masood Abbas, Syed Wajahat Abbasi, Tasleem Ahmed and Arif-ur-Rehman appeared before the court Wednesday. The court handed over the accused to FIA for further interrogation. While other four accused were working in different banks. Syed Wajahat Ali and Syed Masood Abbasi were employees of Allied Bank Limited (ABL) while Tasleem Ahmed belonged to Habib Bank Limited (HBL) and Arif-ur-Rehman was working with My Bank Limited. These bankers had been taken into custody by FIA following their involvement in the financial scam. The key accused, Khanani and Kalia brothers, disclosed the involvement of these bankers during interrogation. The accused bankers are allegedly involved in opening more than 35 fake bank accounts in their respective banks through which they used to transfer foreign exchange to different countries. It is pertinent to mention here that Mehboob Motiwala had been arrested by FIA a couple of days ago. According to the prosecution, only eight such fake accounts had been disclosed so far. The prosecution submitted before the court that the owner of SMEC allegedly used the said company for transferring the currency abroad illegally.

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