Big action of Money Laundering Circle on the complaint of a private bank (Photo: File)
Money Laundering and Counter-Finance Terrorism Circle (FINT) in Karachi registered a case against the accused who committed e-fraud of more than 14 crores.
According to Express News, a case has been registered against the accused named Mustafa Ghori and Ramiz on the charge of buying property with fraudulent money. Among the properties they bought through Milkar Money Laundering were a flat, a plot in Gulshan Iqbal and a shop in Naz Plaza. Besides shopping, buy various items through e-commerce with family and pay credit cards bills, later cancel the order and get a refund.
In response to multiple advices from the merchants, only one settlement amount was collected, the accused used their accounts in different private bank branches to collect the remaining amount.
A total loss of 142 million rupees was caused to the bank through the IT system of a private bank. On the complaint of the bank, Cybercrime Circle Karachi registered an FIR after investigation and FI for investigation under Anti-Money Laundering provisions. R(FIA) Money Laundering Circle transferred.
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