KARACHI:
Police have arrested an alleged conman accused of defrauding folks of tens of millions of rupees by means of a automobile enterprise rip-off. The suspect, recognized as Zubair Ehtesham, is alleged to have embezzled roughly Rs350 million from victims, stated the Aziz Bhatti Investigation Police, who made the arrest.
As per police information, 11 circumstances had been registered towards Ehtesham at varied police stations, together with Gulshan-e-Iqbal, Aziz Bhatti, Liaquatabad, and Ferozabad. These circumstances had been registered on allegations of economic fraud involving folks’s investments in car buying and selling.
One of many victims, Abdul Hadi, a resident of Ishaqabad close to Federal B Space, filed an FIR towards the accused on September 14, 2024, at PS Aziz Bhatti. Within the criticism, Hadi said that he had entrusted Rs20.83 million to Zubair Ehtesham, proprietor of the automobile dealership “Japan Automobile Importer,” for the acquisition of automobiles. Hadi alleged that Ehtesham issued a number of cheques as reimbursement, certainly one of which was a cheque for Rs8.5 million from a financial institution’s Abul Hasan Isfahani department.
Nevertheless, the cheque bounced on August 15, 2024, resulting from inadequate funds. When Hadi confronted the accused, he refused to return the cash and subsequently went into hiding.
Final week, Hadi tipped off the police concerning Ehtesham’s location. Performing on this data, the Aziz Bhatti police performed a raid and arrested the suspect. Throughout interrogation, Ehtesham confessed to defrauding greater than 30 folks, suggesting the involvement of accomplices in his fraudulent schemes.
Police have obtained a five-day bodily remand of the accused for additional investigation. “We count on extra revelations because the inquiry progresses,” an official said.