Court extends physical remand of prime suspect in Rs35 billion counterfeit US postage stamp scam

A judicial magistrate in Lahore has granted the National Cyber Crime Investigation Agency (NCCIA) a four-day extension of the physical remand for prime suspect Faheem Akram and co-suspect Naeem. Magistrate Naeem Wattoo granted the request after the suspects were produced following the expiration of a previous remand period. The investigating officer has been directed to produce the suspects again on Nov. 3.

The case involves a Rs35 billion ($126 million) fraud concerning the online sale of counterfeit US postage stamps. According to Dawn, Akram allegedly operated a website since August 2023 that sold more than five million counterfeit postage labels. US prosecutors allege the labels were sold for approximately $2 each regardless of package size or destination, causing losses of more than $126 million to the US Postal Service.

Dawn reports that Akram, a resident of Khanewal, was arrested in Lahore. The US Department of Justice stated that Akram was indicted by a federal grand jury in Florida in September 2026. A US court order has authorized the shutdown and seizure of the website used in the scheme.

Brief written by urgent.news from Daily Times, Dawn - Pakistan, Dawn — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.