From Lahore to Islamabad: Karachi police nab conmen who swindled over Rs270m
Police say the men lured investors with promise of hefty return.
KARACHI:
The police claimed to have busted a gang of conmen who swindled over Rs270 million through sham schemes posted on the internet.
Law enforcers sprang into action after a resident of Gulistan-e-Jauhar, Bilal Khalid Shafi, registered a case at the Quaidabad police station. The men nominated in the FIR were: Syed Mohammad Shahab Alam, aka Double Shah, Syed Mohammad Wahab Alam, Farasat, Zohaib Ahmed aka Ali, Javed Askari, Kashif, Malik Asad and Amjad Abbasi.
SSP Malik Altaf Awan said that the police raided Mansehra Colony and caught the mastermind, Syed Mohammad Shahab Alam, and his two accomplices, Malik Asad and Amjad Abbasi. The men had been conning people through Globalinternetjobs.com, an advertising and investment website.
They had been posting sham schemes, luring people by promising a hefty return on investment. Law enforcers also seized laptops, computers and mobile phones from the suspects.
During the investigation, said the police, the mastermind confessed that he had swindled Rs270 million from people in Quetta, Karachi, Islamabad, Lahore and rural Sindh over the last five years. He added that he had deposited Rs110 million in foreign banks with the help of his friends.
Alam also said that the head office of the fake investment company was located in Gulistan-e-Jahaur with branches spread all over the country.
Published in The Express Tribune, October 25th, 2012.
The police claimed to have busted a gang of conmen who swindled over Rs270 million through sham schemes posted on the internet.
Law enforcers sprang into action after a resident of Gulistan-e-Jauhar, Bilal Khalid Shafi, registered a case at the Quaidabad police station. The men nominated in the FIR were: Syed Mohammad Shahab Alam, aka Double Shah, Syed Mohammad Wahab Alam, Farasat, Zohaib Ahmed aka Ali, Javed Askari, Kashif, Malik Asad and Amjad Abbasi.
SSP Malik Altaf Awan said that the police raided Mansehra Colony and caught the mastermind, Syed Mohammad Shahab Alam, and his two accomplices, Malik Asad and Amjad Abbasi. The men had been conning people through Globalinternetjobs.com, an advertising and investment website.
They had been posting sham schemes, luring people by promising a hefty return on investment. Law enforcers also seized laptops, computers and mobile phones from the suspects.
During the investigation, said the police, the mastermind confessed that he had swindled Rs270 million from people in Quetta, Karachi, Islamabad, Lahore and rural Sindh over the last five years. He added that he had deposited Rs110 million in foreign banks with the help of his friends.
Alam also said that the head office of the fake investment company was located in Gulistan-e-Jahaur with branches spread all over the country.
Published in The Express Tribune, October 25th, 2012.