FAISALABAD, Punjab: The Faisalabad bank fraud case involves about PKR 420 million in transactions through an account allegedly opened without the customer’s knowledge, and the FIA has arrested a former branch manager.
The Federal Investigation Agency (FIA) identified the arrested suspect as Muhammad Wasim Khalil, who had managed a private bank branch in Grain Market, Samundri. The case was registered after a complaint by Muhammad Aleem.
According to the first information report, the account was allegedly opened in Aleem’s name without his consent. Debit and credit transactions worth about PKR 420 million were subsequently processed through it.
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Investigators are also examining allegations that the account was used for textile-related business transactions before being closed. The case material states that relevant account-opening and closure records were later found missing.
The bank’s own Consulting and Investigation Unit also reviewed the matter and identified Khalil’s alleged role in opening the account, according to an FIA spokesperson.
The allegations remain under investigation. No finding of guilt has been announced against the accused.
