KARACHI – Ten employees including two branch managers of a private bank were arrested in the Sindh provincial capital for replacing gold worth around Rs550 million with bronze.
In a cause of great concern for Karachiites as management of a private bank in Karachi’s Gulistan-e-Jauhar area has robbed the people by replacing gold ornaments with those made of bronze. Two different cases were lodged at Shahra-e-Faisal and Aziz Bhatti police stations on August 3 and 4, per reports.
Reports quoting Sindh police cited that the staffers of two branches of the bank [Gulistan-e-Jauhar and Gulshan-e-Iqbal] were involved in an unusual crime.
The shocking revelations surfaced when an audit team from the bank’s head office visited the Gulistan-e-Jauhar branch and found that gold jewelry in the locker had been replaced with those made of bronze.
Following the startling revelations during the probe, the audit team alerted the head office, and another team was sent to the bank for probe the very next day. The probe unit checked around 150 sealed bags and found that bronze jewelry was replaced by removing the original ornaments worth a mammoth Rs550 million.
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The investigation team said that around 28 customers deposited the gold ornaments in the bank’s lockers and loans from the bank. The investigation officers said two branch managers along with eight other employees were arrested for staging the heist.
Gulistan-e-Jauhar branch manager Farah Mansoor, operation manager Zulfiqar Ali Junejo, cashier Safdar Kalhar, relationship manager Hassan Alvi, counter service manager Omair Wahab along with gold finance executive Adeel Latif were arrested while branch manager Agha Mansoor, Saleem, Kamran, and a fake client, Ayesha Mirza, were involved in the heist in the Gulshan-e-Iqbal branch.
East Zone Investigation SSP Altaf Hussain told a publication that all accused were arrested during raids in the country’s largest city. Furthermore, at least three kilograms of gold, Rs2 million, and four luxury vehicles had been impounded from the possession of the suspects.
Meanwhile, the court has granted four-day physical remand of the suspects while other bank employees will also be questioned in order to ascertain their role in the robbery.
Earlier in June, police lodged a complaint of a woman who reported 250 tolas of gold missing from her locker in a bank in Clifton.
Superintendent of Police Investigation South while investigating the criminal complaint filed by resident Dr. Anita Qazi, revealed that seven more lockers were found broken. Bank sources said tens of millions of rupees worth of foreign currency, gold, and jewelry have been stolen from these lockers.
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