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LAHORE: Punjab Police has arrested the accused from Muzaffargarh while registering a case against fraud of crores in the name of online business.
According to details, the arrested accused defrauded victims of crores in the name of online business. The accused wanted to escape to Iran via Quetta, but the police failed the attempt of the accused.
The provincial police said that apart from the accused Yasir Hayat, his partner Ahmed Nadeem is also involved in online fraud, which is being investigated. Both the accused committed fraud of crores through two companies.
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The case against both the accused was registered at the request of a member of the Lahore Chamber of Commerce. The accused looted crores of rupees from the people by creating companies named Ibitfire and FX Capital. More revelations are expected from the arrested accused in the investigation.
It should be noted that the Federal Investigation Agency (FIA) accelerated the action after a new case came to light against the fraud companies in the name of online loans.
This case of fraud by online companies came to light in July. A person took a loan of Rs 3000 online from a loan company. The victim claimed that the representative of the company was blackmailing him.