FIA Takes Action Against Online Loan Apps Following Tragic Suicide Case

In response to the heartbreaking suicide of Muhammad Masood, a 42-year-old individual from Rawalpindi who fell victim to blackmail from online loan apps, the Federal Investigation Agency’s (FIA) Cyber Crime Wing has taken action against these platforms.

The FIA confirmed that two loan app offices located in Sector G8, Islamabad, were searched and closed down. As part of the operation, laptops and computers were seized. The FIA is working in collaboration with the Securities and Exchange Commission of Pakistan (SECP) to gather data on illicit loan applications, and further actions will be taken against any apps found to be involved in unlawful practices.

Additionally, the FIA will request the Pakistan Telecommunication Authority (PTA) to disable these illegal loan applications and take steps to curb online advertisements related to these unauthorized apps.

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The FIA urged victims of harassment by such loan apps to file complaints with the Cybercrime Circle and encouraged individuals to report incidents of blackmail or other forms of abuse.

This action by the FIA highlights the seriousness with which authorities are addressing the issue of fraudulent online loan apps and their detrimental impact on individuals’ lives.