Karachi Crypto Trader Abducted by Fake Cops, Loses $340K

A crypto trader in Karachi was abducted and robbed of $340,000 (90 million PKR) by men impersonating police officers in a fake “police van.” The victim, Arsalan, was taken outside his office in Manghopir on December 25 and subjected to a harrowing ordeal.

According to police reports, five individuals pretending to be officers forced Arsalan into their van, blindfolded him, and transported him to a location near Karachi’s passport office. At gunpoint, the gang seized his phone, stole 8,000 PKR in cash, and accessed his crypto and bank accounts, transferring $340,000 then Arsalan was abandoned near Mazar-e-Quaid.

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Arsalan claims and strongly believes he can identify the culprits, who had approached him weeks earlier pretending to be in search of crypto investment guide. He named four suspects Muzzamil, Hamad, Ashir, and Zaman but still one remaining person hasn’t been identified. . The police have filed charges and rightfully so under Sections 365-A (Kidnapping for Ransom) and 34 (Common Intention) and transferred the case to Karachi’s Anti-Violent Crime Cell (AVCC).

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Surveillance footage clearly captured a police vehicle going into Arsalan’s society roughly around the same time the crime occured. SSP Haider, overseeing the investigation, emphasized the need for stricter measures to prevent such impersonation incidents, urging relevant authorities to take action.

Sahil Poudel

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