The Federal Investigation Agency (FIA) is investigating an alleged online gambling network involving financial transactions worth nearly Rs. 120 billion through 11 companies in Pakistan. The case involves suspected misuse of digital payment accounts linked to Easypaisa and JazzCash, along with possible illegal money transfers.
The FIA’s Faisalabad Composite Circle registered an FIR after examining the companies’ financial activities. According to reports, the agency arrested two suspects, while eight people were named in the case. Investigators are also working to trace the remaining suspects.
The FIR states that the 11 companies recorded Rs. 119.93 billion in incoming transactions and Rs. 118.80 billion in outgoing transactions. Five collection accounts reportedly received around Rs. 8.586 billion through approximately 10.49 million transactions.
Investigators suspect that some companies operated under misleading business details to move money linked to online betting platforms. The FIR also describes transfers through several bank accounts and suspected digital hawala/hundi channels, with possible cryptocurrency transactions involving USDT.
The FIA is examining whether payment service employees or other individuals helped facilitate these activities. Their alleged involvement has not been proven, and the investigation is ongoing.
