Pakistan

Investment scam: foreign nationals arrested in Karachi raids

coordination with intelligence agencies

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KARACHI: National Cyber Crime Investigation Agency (NCCIA), working in coordination with intelligence agencies has detained several foreign nationals during joint operations in Karachi’s upscale neighborhoods, including DHA Phase One and Phase Six involved in an investment scam, officials said.

Raids target alleged investment network in Karachi

According to authorities, the detained suspects allegedly ran a large and organized investment scheme that operated through an extensive network. Investigators said the group used residential properties in affluent areas of the city to carry out its activities while avoiding detection.

During the raids, officials recovered sensitive digital data from the suspects, which is now undergoing further technical and forensic examination.

Thousands reportedly affected

Preliminary investigations indicate that the alleged scheme impacted thousands of individuals, causing substantial financial losses. Officials said the network’s scale and level of organization suggest a coordinated effort to exploit investors over an extended period.

Further arrests expected

Meanwhile, the NCCIA said operations are continuing in other parts of the city and beyond to track down additional individuals linked to the network. Authorities added that investigators are examining all aspects of the case as the probe widens.

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zaryun pervaiz
Written by

zaryun pervaiz

The writer is a political analyst covering politics, national security, foreign affairs, policy shifts in South Asia and beyond, energy and economy.

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