The Federal Investigation Agency (FIA) has arrested a key suspect involved in a multimillion fraud case in Jaranwala. The suspect, Atif Shehzad, was apprehended while withdrawing money from an ATM.
During the arrest, the FIA recovered 64 debit cards from various banks, two packets of ATM cards, and a mobile phone. The discovery highlights the scale of the ongoing scam, which targets citizens’ ATM and debit cards.
According to the FIA, the gang behind the scam has been duplicating ATM and debit cards for fraudulent withdrawals. They have been operating with the help of bank employees who leaked sensitive account information. These employees provided account balances, signatures, biometric data, and ATM cards to Abdul Razzaq, the alleged gang leader.
The group then used this information to access and empty victims’ accounts, stealing millions of rupees. Large sums of cash were withdrawn illegally on a daily basis, and Shehzad would hand the money over to Abdul Razzaq.
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Fraudulent Network
Authorities believe that this arrest is a significant breakthrough in dismantling the fraudulent network. The FIA is actively pursuing other members of the gang who are still at large. Raids are being conducted to track down and apprehend those involved in this large-scale scam.
This case has raised concerns about the security of citizens’ bank accounts, as the involvement of bank employees in the scheme highlights potential weaknesses in financial institutions. The FIA is continuing its investigation to ensure that all culprits are brought to justice and to prevent further thefts of this kind.
The arrest of Shehzad is expected to provide valuable information that could lead to the capture of the remaining gang members. Investigators are hopeful that further arrests will help recover the stolen money and bring an end to the widespread scam.
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