The National Cyber Crime Investigation Agency (NCCIA) has arrested 149 individuals under a RAID at CallCenter dealing with a Ponzi scheme, the agency said in its statement released Thursday.
Of those arrested, 71 foreign nationals are identified by the majority as Chinese citizens. Authorities say the operation was targeted at individuals through false schemes using digital platforms and phone calls.
According to the agency, the fake call center was involved in Ponzi schemes and various investment fraud. It was used as a front to trick the public and lure them into financial traps in the form of lucrative investment opportunities.
The agency also said that the fraud network actively misleading people and illegally collected large sums. These funds were gathered through misleading practice and unauthorized channels and posed a serious threat to financial security and public confidence.
“Through this fake network, the public was deceived and huge sums were illegally collected,” the agency said.
The agency said they were trading on a tip-off about the network operating in the city of Faisalabad, a manufacturing center in the eastern country.
It said the raid was at the residence of Tasheen Awan, the former head of the city’s power network.
