Pakistan’s National Cyber Crime Investigation Agency (NCCIA) has arrested a suspect wanted by the United States over an alleged counterfeit postage stamp fraud worth approximately Rs35 billion.
The suspect, identified as Faheem Akram, allegedly sold more than five million counterfeit US postage stamps through LabelsBank.com between August 2023 and September 2026. NCCIA Additional Director Atif Amir shared these details during a press conference on Tuesday.
According to Amir, the suspect charged $2 for each stamp, bringing the estimated value of the alleged fraud to around Rs35 billion.
Investigators Trace Transactions Through 16 Bank Accounts
Investigators believe Akram used 16 bank accounts to process payments linked to the alleged scheme. They are also examining accounts belonging to his brother, wife, sister and maternal aunt.
Amir said the authorities traced transactions worth tens of millions of rupees through the suspect’s accounts. Consequently, investigators registered a case against him on August 14.
The NCCIA registered Case No. 246/2026 and expanded its investigation to identify relevant evidence and trace the suspect’s alleged activities.
Eight Teams Conduct Raids Across Three Regions
The agency formed eight special investigation teams covering Punjab, Islamabad and Sindh. During the operation, the teams conducted raids at 35 locations and questioned 47 individuals.
Meanwhile, investigators used artificial intelligence and advanced technology to support their efforts to locate the suspect. They analysed 122 call data records and 50 International Mobile Equipment Identity (IMEI) tracking reports.
The investigation also involved examining video and audio recordings collected from 120 cameras. These steps helped the teams pursue leads and track the suspect’s movements.
Ten-Day Operation Leads to Arrest
Amir said the operation to locate Akram continued for 10 days before authorities arrested him. However, the agency has not provided further details about the circumstances of the arrest.
The additional director also said the suspect’s alleged activities had brought disrepute to Pakistan.
NCCIA Freezes Accounts as Investigation Continues
The NCCIA has frozen bank accounts linked to the suspect and his family members, according to Amir. Investigators continue to examine the financial transactions associated with the alleged fraud.
The case centres on claims that millions of counterfeit US postage stamps were sold online over a period spanning more than three years. Authorities have used financial records, digital tracking data and surveillance footage to investigate the allegations.
The arrest marks a significant development in the inquiry into the alleged Rs35 billion scheme. Nevertheless, the investigation remains ongoing, and the allegations against the suspect have not been established as proven facts.
For the latest updates, visit and follow The Truth International website (www.thetruthinternational.com) and subscribe to the YouTube Channel.
