FIA arrests accused in Rs290mn international fraud case from Multan

The Federal Investigation Agency (FIA) Cyber Crime Wing on Sunday arrested an accused, Liaquat Ali, from Multan in connection with a massive financial fraud involving millions of rupees, reported 24NewsHD TV channel.

According to FIA sources, Liaquat Ali is a key figure in an international cyber fraud ring, allegedly operating along with his brother Amjad Ali and nephew Faisal Raza. The gang is accused of defrauding Loyd International—a company based in both Pakistan and the United States—through bogus food supply agreements.

A First Information Report (FIR) was filed in 2023 on the complaint of Abdul Bar, CEO of Loyd International. The scam involved fictitious companies named MS Eliser and MS Feederlity, which posed as global food chain entities. Loyd International had invested Rs290 million ($1 million) after signing an online agreement for food supply.

The accused used the fake identity of a Qatari Sheikh and registered shell companies in Dubai, Oman, Saudi Arabia, and other countries to carry out the fraud. Liaquat Ali, who was arrested by FIA Inspector Ahmad Khan Meerani on the orders of Cyber Crime Wing Director Shehzad Haider, was responsible for handling financial matters in Pakistan.

The scam's main orchestrators—Amjad Ali and his son Faisal Raza—are reportedly residing abroad. More than 50 cases are already registered against them in various jurisdictions.

CEO Abdul Bar has appealed to the federal interior minister to take effective steps to arrest the absconding suspects and bring them to justice.

Reporter: Usama Malik