KARACHI – The Federal Investigation Agency (FIA) has taken an action against an official of the Muslim Commercial Bank (MCB) and two others over alleged involvement in illegal sale and purchase of foreign currency in Karachi.
The action was taken the FIA received an information that some persons are engaged in the illegal activity in MCB’s West Wharf branch in the southern port city.
Accordingly, enquiry No 45/24 was registered at FIA SBC Karachi and a team raided the bank. The official recovered $10,000 and took branch Manager Shujaudin son of Qamarudin and two other suspected persons (one dealer and one rider).
The branch manager and other suspects were later shifted to the FIA office for interrogation.
As per initial interrogation it has been revealed that the MCB branch manager has long been involved in the illegal sale and purchase of foreign currency from one person named Hussain .
Further investigation into the case is underway.
