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Bank employees arrested in Karachi for ‘replacing gold jewellery with fake’ in lockers

The suspects had also obtained Rs750 million loan from the same stolen gold and fake customers.


Bank employees arrested in Karachi for ‘replacing jewellery with fake gold’ in lockers!

The unusual heist came to light during the bank’s audit conducted by senior officers.

As being reported, as many as eight accused bank employees, including two women, were arrested in Karachi on Friday for their alleged involvement in replacing gold ornaments with imitation jewellery in the bank lockers of their clients.

The arrested accused also included a fake woman customer.

According to the news source, the branch manager along with other staff of the bank replaced the jewellery with fake gold.

The investigations revealed that the suspects had also obtained Rs750 million loan from the same stolen gold and fake customers.

Two FIRs were lodged at Shahra-e-Faisal and Aziz Bhatti police stations against the bank officials and fake customers on the complaint of banks’ senior officers on August 3 and 4, according to the statement.

The development led to the arrest the accused of by Investigation Police District East.

The police upon indication of arrested bank staff have recovered 3.100kg gold, cash Rs2,030,000 and four vehicles.

Furthermore, raids were being carried out to arrest the others involved.

Further investigations into the case are also underway.


the authorSaman Siddiqui
Saman Siddiqui, A freelance journalist with a Master’s Degree in Mass Communication and MS in Peace and Conflict Studies. Associated with the media industry since 2006. Experience in various capacities including Program Host, Researcher, News Producer, Documentary Making, Voice Over, Content Writing Copy Editing, and Blogging, and currently associated with OyeYeah since 2018, working as an Editor.