More than Rs500mn looted in country's biggest bank heist

[TaimiKhan]

More than Rs500mn looted in country's biggest bank heist

KARACHI: Pakistani and foreign currency worth more than Rs500 million was looted from a private bank branch near I.I Chundrigar Road on Sunday.

Reports suggest that it is the biggest bank robbery in the history of Pakistan. Private security guards hired the bank, are suspected of being involved in the robbery.

However, police have recovered some of the looted foreign currency from the house of a police officer who is also under suspicion of involvement in the robbery.

According to police sources, the license of the private security company has already been cancelled whose security guards are suspected of being involved in the bank robbery.

Police have arrested two accused and further investigation is in progress. It is said that around 80,000 private security guards are hired by various institutions including banks in Pakistan without their proper registration with police.

 

[pak-marine]

Biggest heist and the funniest part is

police have recovered some of the looted foreign currency from the house of a police officer who is also under suspicion of involvement in the robbery.

where as

the license of the private security company has already been cancelled whose security guards are suspected of being involved in the bank robbery.

So the question is who is the culprit police which is THE MOST likely or security guards!?

 

[rajeev]

More than Rs500mn looted in country's biggest bank heist

KARACHI: Pakistani and foreign currency worth more than Rs500 million was looted from a private bank branch near I.I Chundrigar Road on Sunday.

Reports suggest that it is the biggest bank robbery in the history of Pakistan. Private security guards hired the bank, are suspected of being involved in the robbery.

However, police have recovered some of the looted foreign currency from the house of a police officer who is also under suspicion of involvement in the robbery.

According to police sources, the license of the private security company has already been cancelled whose security guards are suspected of being involved in the bank robbery.

Police have arrested two accused and further investigation is in progress. It is said that around 80,000 private security guards are hired by various institutions including banks in Pakistan without their proper registration with police.

Is this TTP's attempt to get funded ? Is that cop TTP-sympathetic?

 

[pak-marine]

Is this TTP's attempt to get funded ? Is that cop TTP-sympathetic?

A Cop - TTP sypathic very unlikely dosh motivated most likely- will do any thing

 

[TaimiKhan]

Problem is a lot of money is in foreign currency notes, so the guys must have no idea how huge amount they have taken as it must have seemed one bag to them, but in PKR it would be worth nearly 100 times.

Well for the time being investigation is going on, seems the guards got greedy as a lot of security guard providing agencies are not hiring reliable and trust worthy guys with proper background check, as this business is booming with less availability of good human resource.

Also, one of the family members of one of the guards contacted police and gave some money brought in by one of the guard to his home, his bro i believe.

And no TTP this time, or else they won't have been caught.

 

[TaimiKhan]

KARACHI: The biggest robbery of the country’s history of Rs520 million has been carried out in the metropolitan city of Karachi by breaking into the lockers of a private bank.

The looted money comprises local and foreign currencies. A bag containing 40,000 British pounds has been recovered from a police official’s house. The family members of the police official had left the bag home which contained foreign currency.

According to police, the bank guards are involved in the bank robbery while raids are being carried out to arrest the other robbers.

Police has also taken into custody two bank guards and recovered Rs5 million.

The police have claimed to have learned about the whereabouts of the guard mainly involved in the robbery. He has been identified as Shahid Mehmood son of Abdul Majeed, holding NIC issued in Faisalabad.

Police have announced a reward of Rs2 million for information leading to the capture of the guard.

 

[Dawkins]

Its all insured right ? Insurance company receives a bolt in terms of making the payment and rates go up ..

 

[greatsequence]

I just wasted all my life being a communication engg. I want to be a guard.

 

[TaimiKhan]

KARACHI: In what is being described as the biggest ever bank heist in the country, private security guards robbed a bank of foreign currency worth Rs311.2 million on Sunday morning.



According to sources, five suspects used a gas cutter to open the strong room of the I.I. Chundrigar Road branch of Allied Bank.



According to police, the main suspect, Shahid Mehmood, a guard of a private security company, arrived at the bank at 7.30am, half an hour before he was to report for duty.



He waited for his four accomplices who arrived with a gas cutter and tied up guards Imran and Zamir and the building’s watchman Riaz.



It took them about three hours to break into the strong room which has seven large vaults. Shahid knew which vault contained foreign currency. They took away dollars, pounds and euros, police said.



Shahid had been hired by the Security Protection Service (SPS) two months ago. He had a computerised national identity card issued in Punjab and the provincial police’s response to a request for verification was being awaited.Karachi police chief Waseem Ahmed told Dawn that the company had not verified his two guarantors.



‘The guard was given uniform without adequate training and posted with a weapon at such a sensitive location,’ the CCPO said.



Police suspected that the prime accused belonged to the NWFP and he had obtained a forged identity card.



After the culprits left, the guard Imran, who was supposed to have been tied, managed to free himself and take away a packet of currency.



Imran went to the house of his friend Aqeel Abbas, a dismissed ASI, in Preedy area. Because Aqeel was not there, Imran gave the packet to his family and returned to the bank in an attempt to cover up his involvement in the crime, police said.



During interrogation, Imran told police about the cash which as recovered from Aqeel’s house.



It was apparently Imran’s share of 45,000 euros in the booty, the city police chief said.



The entire event was recorded on CCTV camera but the quality of pictures was poor and the suspects could not be recognised. ‘When an attempt is made to enlarge the picture the pixels break up,’ a police officer said, adding that the camera equipment was of poor quality.



The CCPO criticised the bank management and said that none of its senior executives had bothered to contact police, leaving the matter to their staff.



He said two teams, one headed by Karachi South DIG Ghulam Nabi Memon and the other by Special Investigation Unit SSP Raja Umar Khattab, were handling the case.



Imran has been arrested and the dismissed ASI and two other people were being interrogated.



An FIR of the case was registered by Mithadar police on a complaint lodged by the bank’s manager who nominated Shahid Mehmood and four unnamed accomplices.



On the advice of police, the Sindh home department had cancelled the licence of the security company, the CCPO added.

 

[apophenia]

And no TTP this time, or else they won't have been caught.

I would disagree; the guy who was apprehended was just a pawn in the whole scheme of things.

The feeling is mutual @ greatsequence.