FIA nabs key suspect in Rs290m fraud with Karachi-based Lloyd’s International

In a major crackdown, the National Cyber Crime Investigation Agency has arrested a key suspect, Liaqat Ali Chhajra, from Multan in connection with a massive Rs 290 million fraud targeting Karachi-based company Lloyd’s International.

The arrest is part of a broader investigation into an international scam network operating across multiple countries.

According to the Federal Investigation Agency (FIA), Liaqat Ali is a central figure in a sophisticated fraud ring with global tentacles. His brother, Amjad Ali, and nephew, Faisal Raza, are reportedly operating from abroad, defrauding companies using shell firms registered in Dubai, Oman, Saudi Arabia, and other Gulf countries.

The fraud came to light following a formal complaint by Abdul Bar, the CEO of Lloyd’s International—a well-known businessman whose company operates in both Pakistan and the United States. Bar alleges that the gang swindled the company by posing as representatives of fake entities, MS Allisar and MS Federality Forging Companies, under the guise of a lucrative international food supply deal.

Lloyd’s International had invested Rs 290 million—nearly one million dollars—in what appeared to be a legitimate food export agreement. The scam reportedly involved fake documentation, forged business registrations, and even the unauthorised use of a Qatari Sheikh's name to lend legitimacy to the phony enterprise.

Inspector Ahmed Khan Mirani led the operation that resulted in Liaqat Ali’s arrest in Multan, under direct orders from Shahzad Haider, Director of the National Cyber Crime Investigation Agency.

“This fraud ring is not just a local threat—it’s a billion-rupee racket operating globally,” said Abdul Bar. “The group also has connections in Pakistan’s hundi system and is linked to over 50 other cases of financial deception.”

Bar has called on the Interior Minister to act swiftly by using Interpol to arrest Amjad Ali and Faisal Raza, who remain at large abroad. He warned that such fraudsters, allegedly backed by certain political figures, are a growing threat to Pakistan’s business community.

“This isn’t just about our company. Dozens of businesses are affected. If we don’t crack down now, this will shake investor confidence in our economy,” Bar added.

Investigations are ongoing as authorities dig deeper into the fraud network’s domestic and international operations.