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FIA Secures Five-Day Custody of MDA Director in Bank Fraud Investigation

November 13, 2026 • 17 minutes ago •

KARACHI: A judicial magistrate has granted the Federal Investigation Agency (FIA) a five-day remand of Waqas Ali Soomro, the finance and accounts director of the Malir Development Authority (MDA), along with his alleged accomplice, Muhammad Yamin Soomro. They are accused of creating fake bank challans with counterfeit stamps for the illegal allotment of plots.

The investigation officer, Syed, stated that the duo’s actions have raised significant concerns regarding corruption within the MDA, a body responsible for urban development in Karachi. The FIA is expected to delve deeper into the operations of the MDA to uncover any further fraudulent activities.

This case highlights ongoing issues of corruption within governmental institutions in Pakistan, prompting calls for stricter oversight and accountability measures. Citizens are increasingly concerned about the integrity of public services and the potential misuse of authority by officials.

The FIA plans to conduct further interrogations and gather additional evidence during the remand period. Future developments in this case may lead to broader investigations into the MDA and its financial practices.

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