The Federal Investigation Agency (FIA) arrested a businessman in Karachi for defrauding a Chinese company of Rs 113.9 million by sending a container filled with soil, stone, and gravel instead of chrome ore.
The FIA Corporate Crime Circle conducted the operation on I. I. Chundrigar Road after receiving a complaint from the Chinese company’s representative, Ms. Corrine Chen.
The complaint revealed that the owner of Dens & Traders, named Zeeshan Afzal Bilgrami, signed a contract on January 17 to export 1,500 metric tons of chrome ore, while on February 11, a container shipped from Karachi to China was found to contain worthless material rather than chrome ore.
The accused had also submitted a fake inspection certificate to the bank, enabling the fraudulent transfer of funds sent by the Chinese company to his personal account.
The FIA spokesperson stated that the case, filed after approval from the Zonal Board, highlights the impact of such fraud on Pakistan’s reputation.
Investigations are underway, and the agency reaffirmed its commitment to combating corporate crimes that undermine international trust in Pakistani businesses.
