Cashier and jeweller arrested over fake gold scheme

By The BriefBrief

FIA arrested a PPCBL cashier and a jeweller for replacing pledged gold with fake and underweight jewellery.

WHO: Federal Investigation Agency (FIA); Abdul Razzaq and Tahir Mahmood

WHAT: Arrested suspects for allegedly replacing pledged gold jewellery with fake and underweight jewellery under the Gold Finance Scheme

WHEN: Reported Aug 4, 2026 at 8:20 AM ET

WHERE: Faisalabad, Pakistan

WHY: The arrests followed an FIA operation into alleged replacement of pledged gold with fake and underweight jewellery under the bank’s Gold Finance Scheme.

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