FIA Arrests Former Bank Manager at Lahore Airport Over Alleged Rs. 10 Million Fraud

The Federal Investigation Agency (FIA) has arrested Imran Sajid, a former bank manager, at Lahore airport following his return from the United Arab Emirates. Sajid, formerly the manager of a private bank's branch in Okara, is accused of involvement in a Rs. 10 million investment fraud. Identified as a proclaimed offender, Sajid's name appeared on the Passport Control List. The arrest was conducted by the FIA's Anti-Corruption and Economic Crimes Wing in Faisalabad, led by Sub-Inspector Ajmal Hussain.

According to the FIA, Sajid and an accomplice allegedly deceived Okara resident Rehmat Ali into investing Rs. 10 million, promising high returns. Instead of depositing the money, the suspects allegedly misappropriated the funds. When Ali demanded repayment, the suspects reportedly returned Rs. 2.5 million in cash and issued a dishonored cheque for the remaining Rs. 2.5 million. Further, Rs. 5 million remains unpaid.

A case has been registered against Sajid and his accomplice under the Prevention of Corruption Act and the Pakistan Penal Code for corruption, criminal breach of trust, and cheating. The investigation is ongoing to determine the involvement of other individuals alleged to be part of the fraud.