301 million rupees worth foreign currency looted in Pakistan's biggest robbery

Karachi, Dec. 14 (ANI): In what is being billed at Pakistan's biggest bank robbery, foreign currency worth 301 million rupees were looted from the Allied Bank Limited (ABL)'s head office in Karachi on Sunday morning.

Earlier, the looted amount was projected to be over 500 million rupees.

According to preliminary investigations, the bank's private security guard and his four associates executed the heist, The News reports.

The investigators are looking at the possibility of Shahid's (guard) links to militant organisations. The Sindh government has announced a reward of 2 million rupees for providing information about the guard and his accomplices.

The police have detained two other guards of the bank for interrogation.

While sources disclosed that 5.3 million rupees of the looted money were recovered from the house of a dismissed ASI, Muhammad Imran, intelligence officials said that Imran himself had handed over a bag, carrying 45,000 Euros, to the police.

According to Imran, security guard Shahid used to play cricket with him. And on Sunday morning, he gave him a bag, saying that he would take it back after the cricket match.

Sources said that Shahid asked a watchman at the bank to allow his friends, who were coming in a private car, to enter the bank.

The four so-called friends entered the bank premises in the guise of security guards. They waited for two other guards, Imran and Zameer, who were yet to arrive. When Imran and Zameer reached the bank, Shahid and his associates made them hostage and tied them with ropes.

After cutting the alarm wire and deactivating the security cameras, they broke the bank locker with a gas cutter and looted 310 million rupees. Then they fled the bank. (ANI)