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GUJRANWALA, Dec 30: An absconding bank manager involved in embezzlement of Rs220 million was arrested by the Federal Investigation Agency here on Monday.
Reports said Mazhar Iqbal Cheema was the manager of the foreign exchange section of Allied Bank’s Gujranwala branch and Mohammad Arshad was his deputy. They both reportedly withdrew Rs220 million from various accounts after preparing fake documents.
On a tip off, an FIA team conducted a raid and arrested Iqbal Cheema from his house.
Arshad has gone to Dubai and FIA is contacting Interpol for his arrest.
SEIZED: A customs anti-smuggling squad seized a huge quantity of smuggled goods at the Chenab bridge on Monday.
The anti-smuggling squad set up a picket on the bridge and seized cloth, auto spare-parts and TV sets from three buses besides a non-duty paid vehicle.
Four people were also taken into custody.
POWER THIEVES: A raiding team of the Gujranwala Electric Power Company caught 12 power thieves red-handed in Naushera Virkan on Monday.
The raiding team also removed their meters and other equipment besides issuing them detection bills.
An FIR has also been registered against an industrialist, Mohammad Ashraf.
