On Wednesday, a Karachi municipal court granted the Federal Investigation Agency (FIA) a two-day remand of two individuals accused of committing a Rs. 200 million online earning scams.
Suleman and Awais were arrested by the FIA Corporate Crime Circle after a series of raids in Federal-B Area and Gulshan-e-Iqbal, according to details.
Suleman was the CEO of Click Pay Earn, according to an FIA official, while Awais was in charge of Global Ads and Marketing. On the guise of digital marketing and numerous investment programmes, the defendants allegedly stole individuals.
The individuals were brought before a local court by FIA in order to obtain their physical remand.
The suspects were given a two-day remand by the Judicial Magistrate (East), who also ordered the agency to present them in court on Saturday with a progress report.
FIA stance on recent online scams in Pakistan
Imran Riaz, Additional Director of the FIA’s cybercrime division, revealed that the perpetrators of the online earning scams sent the money abroad using bitcoin.
“We launched a probe after receiving complaints regarding a fraud involving billions of rupees being committed using nine online applications,” he said and added that they had sought answers in this regard from a representative of the cryptocurrency in Pakistan.
He shared that people invested between US$100 to US$80,000 in fraud applications. “Those who developed these apps were linked to cryptocurrency,” the FIA official said.
He stated that all persons related to the Binance cryptocurrency fraud have been identified, and their crypto accounts have been suspended.
Cryptocurrency is also being used in money laundering and terror financing, according to the FIA officer.
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