The investigation officials have found out that a ‘woman manager’ was a mastermind in the Rs750m gold scam at a private bank in Karachi, ARY News reported.

As per reports, the investigators have found more hints while investigating financial fraud at a Karachi private bank after they interrogated the suspects.

They revealed that a woman manager of the bank’s Gulistan-e-Johar branch who had allegedly planned the gold scam divided the shares and gave the money earned from the frauds to the accused bank staffers.

The accused woman kept giving gifts to the staffers. Investigators also found Rs2,400,000 funds in the bank account of the bank’s gold finance executive Adeel.

The woman manager had also gifted expensive mobile phones to the bank employees and invested the remaining money to the stock exchange, as well as bought luxurious vehicles.

The officials said that the mastermind had also given ‘pocket money to the bank staffers in both branches. Police said that 14 arrests have been made in the Rs750 million bank gold scam case so far.