Karachi police have arrested an accountant in connection with an alleged robbery involving Rs37.5 million belonging to a foreign businesswoman.
Investigators have recovered Rs25 million from the employee, identified as Hanif Mithlo, after suspecting that the reported robbery may have been an inside job.
The incident took place in Karachi’s Gizri area on Thursday, November 12.
Accountant Initially Reported Armed Robbery
According to police, Mithlo had reported that two armed men riding a motorcycle intercepted him near Khayaban-e-Bahria.
He claimed the suspects snatched a bag containing Rs37.5 million before escaping.
Mithlo worked as an accountant for a foreign woman operating a meat supply business. Her company supplies meat to foreign projects in different districts of interior Sindh.
Police said the accountant had withdrawn the money from a bank before travelling towards DHA on his motorcycle.
Discrepancies Raise Police Suspicions
Investigators became suspicious after finding differences between the amount withdrawn and the instructions given by his employer.
According to police, the businesswoman had instructed Mithlo to withdraw Rs10 million. However, he allegedly encashed cheques worth Rs37.5 million.
South DIG Syed Asad Raza said preliminary investigations suggested the employee could be involved in the incident.
Police subsequently arrested him and recovered Rs25 million. Investigators are also searching for other suspected accomplices.
Investigation Underway
The arrested employee reportedly changed his account of the missing money during questioning.
He later claimed that he had withdrawn Rs30 million and that the remaining amount was with an alleged accomplice.
Police are examining CCTV footage and bank transaction records to establish the exact amount involved. The businesswoman was also contacted by police to record her statement.
Authorities are continuing investigations to determine how the money disappeared and whether the reported robbery was staged.
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