The area manager of a private bank branch in Faisalabad’s Madina Town, identified as Ammar Kayani, has allegedly disappeared to the United States, absconding with Rs. 60 crore belonging to over 500 account holders.
Kayani reportedly promised additional profits to account holders over several months, issuing fake receipts on behalf of the bank to maintain their trust.
When he vanished suddenly, victims realized they had been scammed. It has been discovered that he was involved in similar schemes across eight different branches, with staff members from those branches also disappearing to various European countries.
Authorities are assessing the situation, and a criminal case is expected to be filed.