The National Cyber Crime Investigation Agency (NCCIA) has uncovered a major cryptocurrency fraud in Gujranwala. Officials say the scheme tricked citizens into investing large sums in fake online ventures.
The investigation began after a resident of Sangla Hill reported being cheated of Rs1.28 million. The complaint revealed that scammers posed as representatives of an international company and lured victims with promises of high returns.
According to the NCCIA, the accused used multiple bank accounts and mobile numbers to collect money from investors. They also relied on fake WhatsApp profiles and international phone numbers to appear credible. Misleading online advertisements played a major role in attracting unsuspecting individuals.
Officials confirmed that the fraud was not limited to one victim. Preliminary findings suggest that several people across different areas may have lost money in similar schemes. The agency believes the group behind the scam was running a well-organized network.
A formal case has been registered at the NCCIA Police Station in Gujranwala. The charges were filed under Sections 13, 14, and 16 of the Prevention of Electronic Crimes Act (PECA). Additional sections of the Pakistan Penal Code (PPC), including 419, 420, 468, 471, and 109, were also applied.
The NCCIA has urged the public to remain alert and cautious when dealing with online financial platforms. Officials stressed that investment offers should be verified before sharing personal or financial details. They also encouraged citizens to immediately report suspicious activity to cybercrime authorities.
Experts warn that with cryptocurrency gaining popularity in Pakistan, scammers are increasingly using digital tools to exploit inexperienced users. Authorities say strict enforcement of cybercrime laws is vital to control such fraud in the future.
This case highlights the growing threat of online financial crimes and the importance of digital safety awareness. The NCCIA has assured that its teams will continue working to track down those responsible and protect citizens from similar scams.
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