The Federal Investigation Agency has completed its inquiry against a fake private company involved in efforts to defame the China-Pakistan Economic Corridor (CPEC).
According to the FIA, the case involves financial losses exceeding Rs100 million. The FIA has registered a case against two members of a gang that used the name of CPEC to seize land and large sums of money.
The suspects posed as representatives of a company and took Rs5 million in cash from the complainant, along with a commercial plaza valued at Rs20 million.
The accused also took possession of a house worth Rs45 million and five kanals of land in Sector G-15. The total financial loss to the complainant exceeded Rs100 million.
Investigations further showed that the suspects had no link with any foreign company and that the entire scheme was fake, fictitious and based on fraud.
The FIA said dozens of previous cases of financial fraud had already been registered against the suspects, on the basis of which further action was taken.
