FIA Uncovers Rs. 120 Billion Online Gambling Network

The Federal Investigation Agency (FIA) has launched an investigation into a vast online gambling network, uncovering transactions amounting to Rs. 119.93 billion that were processed through telecom network-managed mobile wallets. Company insiders are believed to have facilitated the operation, helping it circumvent security measures.

The FIA registered a First Information Report (FIR) on September 24, 2026, in connection with the scandal. Investigators suspect the network utilized fake companies, deceptive websites, and multiple financial accounts to conduct transactions linked to offshore gambling platforms. The alleged scheme involved opening multiple branchless banking accounts, typically registered under the names of single-member companies posing as legitimate e-commerce and digital marketing businesses, between 2024 and 2025.

Some company officials are suspected of aiding the accused in opening accounts and evading standard compliance checks. One individual reportedly informed investigators that one of his associates discussed payment arrangements directly with mobile wallet providers. Another suspect allegedly created fake websites to test payment integrations for connecting to offshore gambling platforms.

The group allegedly agreed to share profits. One of the suspects in custody claimed to have earned between Rs. 400 million and Rs. 450 million in a single year, while another party received between Rs. 100 million and Rs. 150 million. Multiple shell companies were employed to collect and transfer funds through businesses like scrap dealers and mobile phone shops. Digital hawala channels and cryptocurrency were reportedly used to settle transactions.