Armughan laundered Rs210m through fake accounts: FIA

The Federal Investigation Agency (FIA) on Tuesday informed an Anti-Terrorism Court (ATC) that Armughan Qureshi, the prime suspect in the high-profile Mustafa Amir murder case, had allegedly laundered more than Rs210 million through accounts fraudulently opened in the names of his employees.

Armughan was produced before the ATC inside the Central Jail, where FIA Assistant Director Shahid Ali and his team presented findings from their ongoing investigation. Advocate Khurram Abbas Awan submitted an affidavit to represent Armughan as defense counsel.

According to the FIA's report, the accused used fake call centres to deceive foreign nationals and funnel illicit funds into merchant accounts. The investigation revealed that Armughan operated at least seven bank accounts under the names of his employees, using them to conduct transactions amounting to over Rs210 million between January 2023 and September 2025. The report further states that the accused used proceeds from these fraudulent activities to purchase vehicles worth around Rs155 million. Two high-value cars worth Rs110 million have already been seized by the FIA.

The FIA also discovered that Armughan was in possession of two offline cryptocurrency wallets -Exodus and Electrum - which may hold huge amounts of Bitcoin. However, investigators have not yet been able to access these wallets due to missing passwords and private keys.

The FIA presented a medical report confirming that Armughan is in good health. However, his lawyer contested the report's accuracy, arguing that it does not reflect the true condition of his client and expressed intent to challenge it in court.