A court in Islamabad has handed seven-year jail terms to three people, one of them a foreign national, over an online investment scam, the National Cyber Crime Investigation Agency (NCCIA) announced on Thursday.
In a statement posted on X, the agency said its Islamabad Circle secured the convictions after an effective investigation and court proceedings. The court also imposed a combined fine of Rs250,000 on the convicts.
Victim lost Rs19.39 million through fake bank app
According to the NCCIA, the accused cheated a citizen out of Rs19.391 million by drawing them into an investment scheme run through a fake application that impersonated a foreign private bank. The investigation was carried out by Sub-Inspector Shehroz Riaz, the agency said.
Also read: NCCIA Arrests Suspect in Rs35 Billion Online Fraud Case
The NCCIA added that it remains committed to taking legal action against cybercrime suspects and protecting citizens.
Software developer arrested in Lahore over US postage scam
Separately, the NCCIA arrested Pakistani software developer Faheem Akram in Lahore over his alleged involvement in a fraud worth $126 million involving counterfeit US postage labels, officials said. According to the agency, Akram allegedly operated a website selling the fake labels, causing estimated losses of more than $126 million to the United States Postal Service (USPS).
NCCIA officials said US authorities had been seeking the suspect in connection with the alleged fraud, which involved online sales of more than five million counterfeit postage labels. Addressing a press conference, NCCIA Lahore Zone Additional Director Atif Ameer said the suspect ran the website LabelsBank.com from August 2023 to September 2026, marketing and selling the counterfeit labels online.
