Karachi: 4 bankers remanded in FIA custody
KARACHI: Four bankers arrested in a money laundering case were remanded in the custody of the Federal Investigation Agency on Wednesday till December 31. The FIA had arrested Masood Abbas and Syed WajahatAliof Allied Bank, Adam Arcade, Bahadurabadbranch, Tasleem Ahmed of Habib Bank, Hasan Square branch and ArifurRahman of MyBank, Cloth Market branch, on Tuesday. The bankers allegedly helped known foreign exchange dealers to open bogus accounts in their respective banks for illegal transactions. The bank officials were produced before the court of Xth civil judge and judicial magistrate (south) Asif Ahmed for remand.
A case (76/2008) was registered against the foreign currency dealers under Sections 5/8, 22/23 of the Foreign Exchange Regulation Act, 1947, read with Sections 7, 8 & 20 of the Prevention of Electronic Crimes Ordinance, 2007 and Sections 420, 467, 471, 477-A of the Pakistan Penal Code at the FIA crime circle branch. The bank officials were also booked in the same case.