Wednesday, November 29, 2023

Biggest Scam in Pakistan’s History by Karachi Couple

A media report indicated that the Karachi Couple, which was named Butt & Sons (Pvt.) Ltd. trade, steal millions of customers, and leave the city without leaving any evidence.

The company attracts car buyers by placing advertisements for its services on Facebook and OLX. The company’s unique selling point is customers who want to buy a car in installments, promising interest of 5%, while most banks offer a minimum interest of 11%.

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The process reportedly forces shoppers to visit one of the company’s three stores. on Gulshan-e-Iqbal, Tariq Street and DHA. Upon arrival, applicants are asked to meet with a referral service that will ask the buyer various questions such as B. Place of residence and job details such as company, destination, type of work, and others.

After the meeting with the manager is over, the customer is asked to sign an agreement and make the initial payment according to the payment schedule.

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The company has been around for two years and is rumored to have defrauded hundreds of car buyers with their fake car financing program. Fourteen FIRs were reportedly filed against him at three police stations in Karachi.

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