Foreign nationals busted running Ponzi scheme in DHA Karachi

Officials say significant sensitive data was recovered from suspects during operation

Foreign nationals running an extensive Ponzi scheme were apprehended in Karachi's Defence Housing Authority on Thursday in a coordinated operation. The National Counter-Cyber and Intelligence Agency (NCCIA) and Ehsaas institutions raided outlets in DHA Phase 6 Khayaban-e-Ittehad and Phase 1.

Officials said significant sensitive data was recovered from the suspects during the operation. This information will form the basis for further legal action against the network.

Preliminary investigations indicate the detained individuals were operating an extensive, organized Ponzi scheme that affected thousands of people and caused them substantial financial losses.

Authorities said the scope of the investigation is being expanded, with further operations underway to apprehend other individuals linked to the network.