The National Cybercrime Investigation Agency (NCCIA) apprehended a suspect, Liaqat Ali Chhajra, in Multan over his alleged involvement in a fraud exceeding Rs280 million.
A case was registered on April 29 following a six-month-long inquiry by the FIA. Chhajra emerged as a key figure in an international fraud gang. His brother, Amjad Ali, and nephew, Faisal, were also implicated in fraudulent activities conducted abroad.
An FIR was filed on the complaint of the Chief Executive Officer of the Karachi-based company, Lloyd International, in connection with the alleged financial deceit.
The fraud network operated in both Pakistan and the United States through association with the company. The fraudulent activities were carried out under the name of an international food chain, while the names of MS Al-Yoser and MS Fidelity Forfaiting companies were also used to commit the deception.
Lloyd International invested Rs290 million under an online food supply agreement with foreign entities. A fabricated company, MS Al-Yoser, was created and registered using the name of a sheikh from a Gulf nation. Several fake companies were registered in Dubai, Oman, Saudi Arabia and other countries as part of the elaborate scheme.
Amjad Ali, his son, Faisal Raza, and his brother, Liaqat Ali, were identified among the principal perpetrators of the fraud. The accused managed fake companies from overseas territories. Liaqat Ali continued to transfer funds from Pakistan throughout the fraudulent operations.
The period of fraud spanned from August to October 2023. Six other individuals named in the FIR remained abroad. The group involved in the fraud allegedly received backing from political figures.
