FIA concludes investigation into fraudulent firm slandering CPEC

The investigation into a phony private business engaged in attempts to discredit the China-Pakistan Economic Corridor (CPEC) has been concluded by the Federal Investigation Agency.

The FIA claims that the case involves losses of more than Rs. 100 million. A case has been filed by the FIA against two gang members who stole land and substantial amounts of money under the guise of CPEC.

The suspects stole Rs5 million in cash and a Rs20 million commercial plaza from the complainant while posing as representatives of a corporation.

In addition, the accused seized five kanals of land in Sector G-15 and a house valued at Rs 45 million. The plaintiff suffered a total financial loss of more than Rs100 million.

Further investigations revealed that the suspects had no connection to any overseas business and that the entire plan was fraudulent.

According to the FIA, the suspects had already been linked to scores of other financial fraud cases, which prompted additional action.