Gang busted: Five arrested for investment fraud

They said the gang used to con women through a fake company, Muslim Export Company.


Our Correspondent July 28, 2013
Officials said some women were persuaded into handing over 670 tolas gold and Rs28.4 million rupees before the group went underground. PHOTO: FILE

BAHAWALPUR:


Bahawalpur police on Saturday arrested a gang accused of fraud. They seized 343 tolas of gold and Rs12.328 million from them.


DSP Kanwar Muhammad Qasim and SHO Rana Hakim Ali told newsmen that in 2012, cases of fraud were registered against Rawaida, wife of Muhammad Arshad, and six female and 10 male accomplices for fraud.

They said the gang used to con women through a fake company, Muslim Export Company.

He said the gang promised to distribute rich dividends on investments that never materialized.

Officials said some women were persuaded into handing over 670 tolas gold and Rs28.4 million rupees before the group went underground.

On receiving complaints, Ahmadpur East police registered seven cases and Ahmadpur Saddar police one case against the group.

On the directions of Bahawalpur DPO Sohail Habib Tajik, a team was constituted under the supervision of SP Azhar Gujjar for investigating the case.

Later, Qasim took charge of the team and arrested leader of the gang Rawaida Bibi and her accomplices Muhammad Shahid, Qadir Baksh, Muhammad Roshan and Ejaz Ahmad and seized 343 tolas gold and Rs12.328 million.

The police are still looking for the remaining gang members.

Published in The Express Tribune, July 28th, 2013.

COMMENTS

Replying to X

Comments are moderated and generally will be posted if they are on-topic and not abusive.

For more information, please see our Comments FAQ

E-Publications

Most Read