Summary NCCIA arrests Faheem Akram for allegedly selling fake US postage stamps through a fraudulent website, causing estimated losses exceeding $126 million.
LAHORE (Dunya News) - The National Cyber Crime Investigation Agency (NCCIA) has arrested a suspect accused of selling fake US postage stamps through a fraudulent website.
NCCIA Additional Director Atif Amir told a press conference that Faheem Akram was arrested over allegedly causing losses of $126 million to the US Postal Service.
Amir said the suspect allegedly created a fake website and bypassed the US postal service’s system for three years while selling counterfeit postage stamps.
He said the NCCIA’s cyber unit identified the case on October 6. The suspect, who belongs to Khanewal, allegedly developed a website that bypassed the foreign postal company’s system and enabled the sale of approximately five million stamps.
The NCCIA additional director said the estimated loss from the alleged fraud amounted to $126 million, equivalent to more than Rs35 billion. According to him, 16 accounts were used in the alleged fraud.
Amir said an operation to trace and arrest the suspect continued for 10 days, culminating in Faheem Akram’s arrest on Tuesday morning. A case has also been registered against him.
