The Federal Investigation Agency’s (FIA) cybercrime department has apprehended Muhammad Shariq, the ringleader of an inter-provincial group involved in online financial fraud.
The group utilized advanced spoofing technology and stolen bank account-linked phone numbers to scam people and collect fraudulent payments.
Shariq managed hundreds of fake microfinance accounts through cloned apps, resulting in the theft of over Rs40 million over three years.
Authorities are actively investigating the network and seeking to apprehend other individuals connected to the online fraud operation.