Home Business The fake online investment company in Peshawar stole 5.6 billion Rupees from...

The fake online investment company in Peshawar stole 5.6 billion Rupees from innocent people

-

The online investment company swindled over 100,000 KP residents with Rs. 5.6 billion.

According to information, the company in question PSlash opened an office at the Deans Trade Center in Peshawar in January this year.


LAHORE DEVELOPMENT AUTHORITY (LDA) ALLOWS THE RESTAURANT TO USE THE ADJOINING



The company raised significant funds by defrauding unsuspecting investors in real estate, as well as digital and foreign currencies, under the pretext of generating revenue of up to 13%.

However, on November 20, the company’s website appeared to be shut down and a notification appeared that “the system was hacked”.

The victims of the fraud, many of whom had lost all their savings, said they would no longer be able to contact the company starting November 20.


CIVIL AVIATION AUTHRITY (CAA) ALLOW TO PAKISTANI BUSINESSMAN TO TRAVEL UK


They claim the company changed its name three times from Earn Bitcoin to Payslash and finally to PSlash. They said company representatives and executives always assured them the company was registered with the SECP.

A lawyer representing one of the victims said the first complaint against PSlash for suspicious activity was filed with the FIA on 24 August, while the second complaint was filed with the PTA on 16 September.


However, the FIA and PTA failed to take timely action against PSlash, resulting in 100,000 people losing their hard-earned money, the lawyer added.

“Had the agency and the regulator taken timely action against the fraudulent company, this billions of rupee scam would not have happened in Peshawar.”

the lawyer added


A senior FIA official, Peshawar, admitted the scam was worth Rs. 5.6 billion but declined to explain why the agency took no action despite formal complaints a few months ago.


CAPITAL DEVELOPMENT AUTHORITY (CDA) ALLOWS TO BUILD WALLS AROUND THE TEMPLE


Likewise, a spokesman for the PTA also acknowledged that the regulator had received a complaint against the company last September.

Via: Arab News

Lahore Heraldhttps://lahoreherald.com/
Lahore Herald is a Pakistani internet media company based in Lahore, it began operations as a social news and entertainment company with a focus on digital media in 2020. Lahore Herald is a new media company that creates relevant and engaging content for a young, inquisitive, opinionated, empathetic and bold audience.

Leave a Reply

Must Read