Fake bank challan scam: FIA arrests two MDA employees in Karachi

KARACHI: The Federal Investigation Agency (FIA) Commercial Banking Circle has arrested two employees of the Malir Development Authority (MDA) during a crackdown on a fake bank challan network, recovering Rs20 million in cash, property files and stamps of various banks.

According to an FIA spokesperson, the agency's Commercial Banking Circle team conducted a raid under a search warrant in the Al-Hilal Society area near Main University Road and arrested two suspects identified as Waqas and Yameen.

Preliminary information revealed that one of the suspects was serving as Director of Land Management, while the other was employed as a dispatch rider at a Town Municipal Corporation (TMC).

During the search, investigators recovered stamps belonging to various banks, property files and Rs20 million in cash.

During initial interrogation, the suspects disclosed that they were employees of the Malir Development Authority and allegedly used the recovered bank stamps to prepare fake bank challans without depositing any corresponding amounts into the banks.

FIA officials said the recovered cash was allegedly generated through the illegal activity.

A case has been registered, while further investigations are underway.

The FIA is also examining the possible involvement of other government officials and bank employees in the network, with efforts continuing to identify and apprehend additional suspects.