FIA detects billions worth of transaction in bank account of Larkana student
KARACHI: As investigations into money laundering through fake bank accounts proceeded on Saturday, another account with transactions worth billion of rupees has been discovered.
The Federal Investigation Agency (FIA) detected a transaction worth Rs1.5 billion rupees in the bank account of a student in Larkana. The money was deposited into the student’s account and later withdrawn. The victim has no knowledge of the transaction but has over Rs300 million in his account.
Last week in a similar case, the FIA unearthed another fake bank account of an unemployed youth from Jhang in Punjab having millions of rupees.
The FIA discovered that an account in a private bank in Karachi contained Rs 173 million, and is owned jobless youth, Asad Ali from Jhang. He was brought to Karachi for questioning but his brother denied that his brother has any association with the bank account.
Earlier the FIA seized the fake bank account of a cart vendor in after finding out that he has more than two billion rupees in a bank account in his name.
Abdul Qadir, who lives in a small house in an impoverished neighbourhood in Orangi Town, never knew he had a bank account, doesn’t know how to open a bank account and had no knowledge of the huge amount of money deposited in the account.
The poor cart vendor said he once worked on a public call office and the owner demanded him to submit his NIC, which he suspected may have been used it to open the bank account.
An FIA Joint Investigation Team has been investigating a 2015 case regarding fake accounts and transactions conducted through 29 ‘benami’ accounts in a number of private banks.