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A representational image showing a person handcuffed and standing behind bars. \u2014 AFP\/File<\/p>\n
ISLAMABAD: The Federal Investigation Agency (FIA) has arrested two suspects in connection with an alleged online gambling and illegal financial transactions network involving 11 companies with an aggregate credit turnover of nearly Rs120 billion.<\/p>\n
Faryal Khan, Public Relations Officer (PRO) to the FIA director in Faisalabad, confirmed to The News that both suspects had been arrested. She said raids were under way to apprehend the remaining accused.<\/p>\n
According to FIR No. 32\/2026, one of the arrested suspects, was listed as the owner of three companies which recorded a combined credit turnover of approximately Rs47.78 billion. The second arrested suspect is accused in the FIR of developing dummy websites for the companies and facilitating their testing as part of arrangements to obtain corporate payment accounts.<\/p>\n
A detailed examination of the FIR by The News further reveals that eight companies were registered in the names of just three individuals with an aggregate credit turnover exceeding Rs105 billion. The FIA recorded an aggregate credit turnover of Rs119.93 billion and a debit turnover of Rs118.80 billion across the 11 companies. These figures represent the total volume of transactions recorded in the accounts and do not necessarily constitute the amount of money stolen or personally retained by the accused.<\/p>\n
According to investigators, the companies were allegedly used to receive, route and transfer funds associated with online gambling activities under the guise of legitimate commercial businesses, including e-commerce, digital marketing and construction services. The FIR identifies several online gambling platforms, including U7777 Game, TD777 Game, 89F Game, EPIWIN and other gaming websites. Investigators found that five branchless collection accounts received approximately Rs8.586 billion through around 10.49 million transactions.<\/p>\n
The investigation further revealed that funds were allegedly transferred through multiple banking channels before being routed to other accounts and settled through unauthorised hawala\/hundi and USDT cryptocurrency arrangements. According to the FIR, two suspects proposed establishing a local payment arrangement for an alleged Chinese associate who was described as an international agent associated with online gambling platforms.<\/p>\n
The FIR also records allegations concerning a profit-sharing arrangement under which the suspects reportedly earned approximately from Rs100 million to Rs450 million over about one year. These claims remain subject to investigation and judicial determination.<\/p>\n
Speaking to The News, the Federal Investigation Agency, Director General said that a committee comprising FIA officers had been constituted to conduct a comprehensive investigation into the matter. He said the committee was examining the case from every possible angle to determine the full extent of the alleged financial network and identify those involved. The FIA DG further stated that every possible effort was being made to arrest the remaining suspects and bring those responsible to justice.<\/p>\n
The FIA has registered the case against eight individuals under Sections 4, 5 and 23 of the Foreign Exchange Regulation Act, 1947, read with Sections 420, 468 and 471 of the Pakistan Penal Code.<\/p>\n","protected":false},"excerpt":{"rendered":"A representational image showing a person handcuffed and standing behind bars. \u2014 AFP\/File ISLAMABAD: The Federal Investigation Agency…\n","protected":false},"author":2,"featured_media":626256,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[342,111,139,69,145],"class_list":["post-626255","post","type-post","status-publish","format-standard","has-post-thumbnail","category-mobile","tag-mobile","tag-new-zealand","tag-newzealand","tag-nz","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/626255","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=626255"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/626255\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/626256"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=626255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=626255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=626255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}