Faisalabad, a significant financial scandal has unfolded as the area manager of a private bank absconded overseas with over one billion rupees belonging to numerous account holders.
According to information from the Federal Investigation Agency (FIA), Raja Amir Kayani, who held the position of area manager at a bank situated in Madina Town, and is also related by marriage to a prominent political figure, colluded with the employees from eight different bank branches. Together, they enticed more than 500 account holders by promising higher returns on their investments and provided them with counterfeit receipts. Over a period of five months, Area Manager Raja Amir Kayani and his team successfully duped these account holders into entrusting their funds for supposed profit gains.
Following these deceptions, the bank staff, including the area manager, absconded abroad, taking with them an amount exceeding one billion rupees. This illicit action raised alarm among the affected account holders, prompting them to file complaints and appeals with various authorities, including the FIA. Subsequently, the FIA assumed control of the records at the private bank located on Susan Road and initiated an investigation into the matter. A substantial number of account holders had, in pursuit of promised profits, entrusted their substantial sums of money to the area manager.
