Court grants NCCIA four-day physical remand of suspect in counterfeit US postage stamp scam
LAHORE: A judicial magistrate on Friday granted the National Cyber Crime Investigation Agency (NCCIA) a further four-day physical remand of the prime suspect in a Rs35 billion fraud involving the online sale of counterfeit US postage stamps . The NCCIA produced suspect Faheem Akram and his co-suspect, Naeem, before the court after their previous four-day remand expired. The investigating officer…
A judicial magistrate in Lahore has granted the National Cyber Crime Investigation Agency (NCCIA) a four-day extension of the physical remand for the prime suspect in a Rs35 billion fraud involving the online sale of counterfeit US postage stamps. The suspects, Faheem Akram and Naeem, were produced before the court after their initial four-day remand expired.
The investigating officer (IO) requested further custody of the suspects for interrogation and the magistrate agreed, directing the agency to produce the suspects again on November 3. The investigation revealed that Akram allegedly operated a website since August 2023, selling over five million counterfeit US postage labels online.
US prosecutors have charged Akram with selling more than 5.1 million counterfeit postage labels, causing losses of over $126 million to the US Postal Service. The NCCIA had arrested Akram in Lahore and the investigation has expanded across several parts of the country, with 16 bank accounts used in the scam and eight special teams formed to trace the suspect and investigate the network.
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