The Federal Investigation Agency’s (FIA) National Cybercrime Wing has arrested Liaqat Ali Chhajra in Multan in connection with a major financial fraud case involving over Rs280 million.
Following a six-month investigation, the FIA registered a formal case on April 29. Chhajra was identified as a key member of an international fraud network. His brother, Amjad Ali, and nephew, Faisal Raza, were also linked to similar fraudulent activities carried out abroad.
The case was initiated based on a complaint filed by the Chief Executive Officer of Lloyd International, a Karachi-based company, which reportedly suffered heavy losses due to the scam.
The fraudulent network operated across Pakistan and the United States and involved false representation under the name of a well-known international food chain. The names of MS Allisar and MS Federality Forging Companies were also used as fronts for the scam.
Lloyd International had invested Rs290 million under the pretense of an online food supply agreement with foreign businesses. As part of the scheme, a fake company named Allisar was registered using the name of a Gulf nation sheikh. Several shell companies were also established in countries including Dubai, Oman, and Saudi Arabia to facilitate the deception.
Investigators revealed that Amjad Ali, his son Faisal Raza, and his brother Liaqat Ali managed and coordinated these fraudulent operations from overseas. Liaqat Ali was reportedly responsible for transferring funds from Pakistan during the course of the scam, which occurred between August and October 2023.
Six other individuals named in the First Information Report (FIR) remain outside the country. Authorities suspect the group may have received political support to carry out the fraud.
