Karachi (HRNW)- A special banking court in Karachi has granted bail to four bankers accused in a Rs 330 million bank fraud case, directing each of them to submit surety bonds worth Rs 200,000.
The case, which involves the alleged fraudulent transfer of Rs 330 million from a private power company’s account, was heard by the Special Banking Court. The accused granted bail include Ayesha Khalid, Rana Shahan, Aman, and Ambrain.
According to the prosecution, the main accused, Atif Naqvi, remains in jail. The Federal Investigation Agency (FIA) Banking Circle arrested the accused bankers in April as part of its investigation into the alleged fraud.
Prosecutors informed the court that Atif Naqvi, with the alleged assistance of officials from a private bank, obtained a fake checkbook belonging to a private power company and used it to transfer Rs 330 million into another account.
According to the prosecution, the bank administration later alerted the power company regarding the transaction. The company reportedly informed the bank that it had not issued any cheque for the amount in question.
Investigators further stated that the private power company’s account is maintained at a branch located in Khayaban-e-Shahbaz, Karachi, and alleged that the fake checkbook was issued with the connivance of certain bank officials.
After hearing the arguments, the court approved the bail applications of the four accused bankers and ordered their release upon submission of the required surety bonds. The case remains under investigation, while proceedings against the main accused continue.
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