Police in Kotri have booked four partners of M/s Southland Flour Mill after JS Bank Limited accused them of defaulting on banking facilities worth over PKR 100 million and illegally disposing of wheat stock held as collateral against the loan.
The case was registered under Section 406 of the Pakistan Penal Code, covering criminal breach of trust, on the complaint of the bank’s Mukaddam. The FIR was filed late Friday night once the required inquiry and legal groundwork had been completed. With the necessary approvals in hand, police moved quickly to launch a search operation targeting the named individuals.
An Out-District Permission issued by the Senior Superintendent of Police, Jamshoro, has cleared the way for teams to conduct raids across Hyderabad and Dadu, working alongside local police in both districts.
According to the complaint, routine inspections revealed shortfalls in the collateralized stock — grain that was supposed to remain under the bank’s charge but had gone missing. The lender maintains that despite multiple site visits, formal notices, meetings with the partners, and signed undertakings promising compliance, the firm neither replenished the missing stock nor settled its outstanding dues.
Since the case was filed, officers have searched homes, business premises, and commercial outlets connected to the four men. Coordination with Hyderabad Police continues as the hunt widens, with investigators indicating the suspects are actively avoiding capture.
The four partners booked are:
Each holds a 25% stake in the firm, per partnership records.
Investigators are now working through bank statements, inspection logs, and warehouse records to build the case. Police say additional charges could be added as the probe advances.
Get the latest news and stories wherever you prefer.
Add ProPakistani to Preferred Sources and see more of our stories in Google Search and Top Stories.