The Federal Investigation Agency (FIA) has uncovered a large-scale fraud involving counterfeit stamp papers. FIA Busts Fake Stamp Paper Scam, Loses Rs. 296.4 Million, officials confirmed. The scam reportedly affected multiple financial institutions and individual investors across the country.
According to FIA sources, the fraudsters printed fake stamp papers and used them in financial and legal transactions. The investigation revealed that the scheme operated over several months, targeting both businesses and private citizens. Authorities say the total financial loss is estimated at Rs. 296.4 million.
The FIA has arrested several suspects involved in producing and distributing the counterfeit stamp papers. Investigators are working to trace the network behind the scam and recover the lost funds. Officials emphasized that rigorous monitoring and preventive measures are being implemented to avoid similar frauds in the future.
Experts warned that fake stamp papers can undermine legal and financial systems. They advised businesses and individuals to verify the authenticity of stamp papers before use. The FIA’s swift action is being seen as a strong step toward protecting investors and maintaining public trust in financial instruments.
The agency also highlighted that FIA Busts Fake Stamp Paper Scam, Loses Rs. 296.4 Million, stressing the importance of vigilance in financial dealings. Authorities urged citizens to report suspicious transactions and cooperate with ongoing investigations.
This crackdown comes amid growing concerns over financial fraud in the country. The FIA continues to coordinate with banks and regulatory bodies to strengthen checks and prevent illegal activities. Authorities are optimistic about recovering a portion of the stolen funds as the investigation progresses.
In a statement, the FIA reiterated its commitment to combating financial crime. They confirmed that FIA Busts Fake Stamp Paper Scam, Loses Rs. 296.4 Million and promised continued efforts to ensure the security of financial and legal transactions across Pakistan.
Read More : FIA foils forged travel attempts to Hong Kong, Romania
