The Federal Investigation Agency (FIA) has arrested a suspect in Lahore for allegedly committing financial fraud worth Rs9.6 million through the unauthorised use of a credit card.
According to officials, the operation was conducted by the FIA’s Commercial Banking Circle in Lahore, which tracked down and detained the accused, identified as Atiq-ur-Rehman, in the city’s Cantonment area.
The agency said the suspect exploited a technical flaw in the system of a private bank, enabling him to repeatedly make unlawful transactions and misuse the credit card over an extended period. Investigators believe the accused manipulated the security lapse to carry out multiple unauthorised charges.
Following the arrest, authorities registered a First Information Report (FIR) and launched a detailed investigation to determine the full scope of the fraud and assess how the system vulnerability was exploited.
FIA Lahore Director Captain Muhammad Ali Zia said the agency remains committed to cracking down on financial crimes and ensuring accountability. He added that strict action would continue against individuals involved in cybercrime, banking fraud and other white-collar offences.
Officials indicated that further arrests could not be ruled out as investigators examine whether additional individuals were involved in the scheme or if similar vulnerabilities exist in other banking systems.
