KARACHI: Commercial Banking Circle (CBC) of Federal Investigation Agency (FIA) has arrested two bankers for their involvement in mega corruption scandal of Rs 400 million in Abandoned Properties Organization (APO) on Friday and registered FIR in which total four top officials of several banks were nominated.
FIA officials have rounded Mohammad Khalid, ex treasury head of First woman Bank and Khusru Rashid, thearea manager of Habib Bank Ltd while raiding in the different areas in city.
Additional Director FIA CBC, Altaf Hussain said that FIR number 01/2018 has been registered in this regard in which four persons including ex-head of First Woman Bank and two arrested accused have been nominated while the one accused has been died.
“FIA team is working to arrest the third accused because he was the mastermind of this mega corruption case” he further said.
It is pertinent to mention that Abandoned Properties Organization (APO) is an institution which is working under the federal cabinet and was came into being in 1975 to handle the abounded properties of those Bengalis who left Pakistan after the partition and went to Bangladesh.
Abandoned Properties Organization (APO) is responsible to invest the income of properties in beneficial projects to increase the assets further.
For that purpose around Rs390 million were invested in dozens of properties through First Woman Bank which was embezzled by a racket of bankers.
An enquiry to find out the facts was initiated within the FIA CBC circle in 2016 on the directives of The Senate’s Committee on Finance, Revenue, Economic Affairs, Statistics and Privatization.
Bothe arrested accused allegedly embezzled Rs390 million by premature encashment T-Bills and Bonds.