Pakistan, Sept. 11 -- The Federal Investigation has arrested a private bank branch manager in Faisalabad over alleged financial fraud. The FIA identified the suspect as Waseem Khalil. Investigators allege that employees opened a bank account using a customer's identity without permission. The account then reportedly used for textile-related transactions worth Rs420 million. The case has raised concerns about internal controls and customer verification procedures within the banking sector.

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According to the FIA, the account opened in 2016 using the name of Muhammad Aleem. He reportedly lives in Chak 174 near Samundri. Investigators said Aleem had no knowledge of the account or its trans...