Acting on an FIR lodged against Mr. Danish Elahi sole-proprietor of M/s. Elahi Group of Companies and few ex-employees of Bankislami in a case pertaining to irregularities/suspicious transactions found in their accounts, the FIA has arrested the prime accused along with few former employees of BankIslami Pakistan Limited. The magistrate has given their remand.
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Evidence of embezzlement of funds and assets has already been established against the accused.
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Elahi Group is also in default of PKR 1.4 billion (approx.) of the bank and FIA is also conducting a separate inquiry of wilful default against them.
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