The Federal Investigation Agency (FIA) has uncovered a massive financial fraud involving illegal online operations and illicit call centers, amounting to several billion rupees.
The agency has formally registered a case and arrested two individuals—identified as a woman named Nida and a private bank manager—for allegedly facilitating the scheme.
According to media reports, the investigation was launched following a report by the State Bank of Pakistan, which flagged suspicious transactions linked to 36 different companies. These accounts were reportedly used to channel billions of rupees through illegal means.
The FIA’s preliminary findings point to an organized network operating fraudulent call centers and engaging in a wide range of illegal online activities.
These included online gambling, predatory loan apps, fake investment platforms, and sites distributing explicit content. Authorities believe the network comprises at least six individuals, including two Chinese nationals.
Illegally acquired funds were allegedly laundered through underground channels such as hawala and hundi systems, with portions converted into cryptocurrency and transferred abroad.
The investigation remains active, with further arrests expected. Authorities are also probing possible internal collusion involving FIA and cybercrime officials. While the agency’s spokesperson declined to comment, a senior officer confirmed the case and ongoing raids.
