ISLAMABAD: In a groundbreaking move, the Federal Investigation Authority (FIA) has uncovered that multiple foreign and local companies are involved in online fraud worth billions of rupees.
A case has also been registered by the FIA Economic Crime Wing under the Money Laundering Act, after the revelation. Some foreign companies and individuals are mentioned in the case, as well as local private banks involved in the scam.
According to preliminary details, billions of rupees were embezzled by deceiving thousands of individuals, with fake businesses and jobs.
The money laundering network also carries out online fraud worth billions of rupees, the text of the case registered stated. The officials of the FIA have stated that attempts are being made to arrest foreign nationals and locals in the case.
The total amount of the network‘s fraud can be as high as Rs 50 billion, FIA officials added. 130,000 complaints of online fraud have been filed during the current fiscal year.
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