The guard is believed to have been helped by five accomplices.
Police said the security guard, Shahid, was the mastermind behind the bank robbery. After arriving at the bank early morning, Shahid called his five accomplices, tied up the other two guards — Imran and Zamir – and made off with the money.
According to police, the other bank guards were also involved in the robbery. Police had arrested Imran and Zamir and were raiding various locations across the city to arrest the robbers.
“They took at least two hours to complete the heist and used gas cutters and other equipment to break open safety vaults,” said CID DSP Israr Awan. Of the nine vaults in the bank, the robbers broke into the one that “contained euros, dollars and pounds”, the DSP said. They also tried to break open another vault, but later fled the bank with the foreign currency.
Meanwhile, a private TV channel reported the looted amount was Rs 520 million and that Karachi police had recovered Rs 5.5 million from a house identified by Imran, the guard allegedly tied up by the robbers before the heist.
Police officials, including Capital City Police Officer Waseem Ahmed, South Zone DIG Ghulam Nabi Memon, Saddar Town SP Abdullah Sheikh, CID SSP Fayyaz Khan and SIU Chief Raja Umer Khattab reached the scene soon after the robbery was reported.