FIA observers foreigners’ involvement
ISLAMABAD: The Federal Investigation Agency (FIA) has discovered the involvement of four foreigners in running the online mobile loan apps company. The company was responsible for the suicide of a citizen in Rawalpindi.
The FIA Cybercrime Wing (CCW) has obtained pertinent details, including passport numbers, of four foreign officials. They held key positions within the company, while also obtaining the details of their passports.
The probe will also include their three local facilitators.
Image of an app that allows access to online borrowing.
The agency is conducting a thorough investigation to determine the involvement of the accused foreigners in orchestrating the fraudulent activities.
Furthermore, the FIA has traced three mobile phone numbers linked to the company. The agency will take action against the individuals behind these numbers. FIA will also focus on those who may have been complicit in executing the scam.
FIA’s action against facilitators
Simultaneously, investigations are also underway against three Pakistani facilitators. They are CEO Muhammad Shoaib Shafiq, Human Resource Manager Yousuf Jan, and Manager of Operations Sumaira Furqan.
A foreign director of the company ordered the operations manager to gather all SIM cards used to contact the borrower.
The customer faced extortion after falling victim to the scam, and the deputy director ordered the destruction of these SIM cards.
The Cybercrime Wing of the Federal Investigation Agency (FIA) has broadened its investigation into online loan providers by launching 74 inquiries nationwide and filing three cases against companies allegedly engaged in fraudulent practices.
Mohsin Hassan Butt, the Director General of FIA, instructed all field units of the cyber crime wing to take decisive action against companies and individuals involved in offering loans through unregistered and illegal mobile phone applications (apps).
The Securities and Exchanges Commission of Pakistan and Pakistan Telecommunication Authority has held a top-level meeting to discuss online loan apps scam and to devise a strategy to curb this practice.
The FIA’s investigation into online loan companies involved in money laundering is crucial to safeguarding consumers. It ensures the financial system’s integrity.
