2 men held over Rs200m online fraud remanded in FIA custody

KARACHI: A court in Karachi on Wednesday handed over two men arrested over their alleged involvement in a Rs200 million online fraud to the Federal Investigation Agency (FIA) on a two-day remand.

The FIA produced suspects Suleman and Awais before the Judicial Magistrate (East) and sought their physical remand for investigation.

Also Read: FIA detects US$100 mn online fraud using cryptocurrency

The magistrate granted a two-day physical remand of the suspects and directed the Federal Investigation Agency to produce them in court after the completion of their remand along with a progress report.

Federal Investigation Agency officials said the corporate crime circle of the agency carried out raids in FB Area and Gulshan-e-Iqbal and arrested Suleman and Awais, the chief executive officer and director of Click Pay Earn and Global Ads and Marketing, respectively.

Also Read: FIA busts gang defrauding people in the name of Ehsaas program

The suspects committed the fraud by luring people through digital marketing and various investment schemes.

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