Bank security guard, aide decamp with 600 mn in Karachi
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Bank security guard, aide decamp with 600 mn in Karachi

Last Updated: Sunday, December 13, 2009, 21:54
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Karachi: In one of the biggest bank heists in Pakistan, a security guard and his accomplices allegedly looted a private bank and decamped with approximately 600 million rupees in the port city Karachi.

The security guard Shahid let in two of his accomplices into the bank on Saturday night after it was closed for public and they first tied up two other guards and spent the whole night cutting through the vaults and collecting their loot, police said.

"They used gas steel cutters to break open safety deposit vaults. We are still trying to confirm the exact value of the robbery from the bank personnel but the initial figures are around 600 million rupees," a senior police officer said.

"We have arrested two people in connection with the robbery and are interrogating them and we have also cancelled the license of the security agency whose personnel were posted at the bank," city police chief Waseem Ahmed said.

The heist at the branch located at II Chundrigar road is not the first such incident of banks being looted by its own security guards.

"There are around 215 registered private security companies operating in the city with a total staff of some 80,000 people. But most of these security agencies employ guards without verifying their credentials or checking their background," Waseem Ahmed said.

The city police chief said steps would be taken to tighten the procedure for security agencies to employ guards.

"Most of the guards come from other provinces and give false addresses and documents so when they abscond it becomes difficult to trace them," he said.

Private security agencies have mushroomed in Karachi and other parts of the country in the last few years due to the worsening law and order situation and the growing incidents of terrorism with these agencies content on employing untrained personal in low pay scales to make big profits.

PTI

First Published: Sunday, December 13, 2009, 21:54

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