FIA arrests cryptocurrency fraudster in Rawalpindi

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Dr Zafar, the uncrowned king of the digital currency "One Coin", has been arrested in Rawalpindi

May 20, 2021: Dr Zafar, the uncrowned king of the digital currency “One Coin”, has been arrested in Rawalpindi for robbing thousands of people from various countries, including the United Kingdom, the United Arab Emirates, Pakistan and India.

Hundreds of people had applied to the FIA ​​from the United Kingdom, the United Arab Emirates and Pakistan that Dr Zafar had swindled billions of rupees with them under the guise of one coin. The FIA ​​Cyber ​​Crime Branch took action and arrested Dr. Zafar from Rawalpindi.

In the United Kingdom and the United Arab Emirates, the administration of OneCoin and the relevant agencies have filed petitions for legal action against associate Roja and Dr. Zafar. Dr Zafar started the One Coin digital currency business in the UK in 2015 with Roja, who runs a business company. Billions of rupees have been spent by Dr. Roja since 2017 while Dr. Zafar is living separately in Pakistan.

Under the company, Dr. Zafar has been appointed Chief Executive Officer of the Muslim Community in the UK and Pakistan, including the UAE, which has opened hundreds of other accounts, including Diamond, Gold and Silver, for not only Pakistanis living in the UK but also hundreds of Indians. He kept renting open and receiving money from them in his accounts, initially giving people lucrative profits and then shutting down all the websites and offices of OneCoin in 2019.

Dr Zafar went to the UK in 2009 where he started the business with Roja. FIA Assistant Director Rizwan Arshad said the investigation revealed that the public had been fooled in a very systematic manner. The FIA ​​also raided Lahore, Karachi, Faisalabad and Islamabad to arrest Dr Zafar. Eventually, they raided a house in a posh area of ​​Rawalpindi and arrested him. Documents, bank account details and other records were seized.

FIA sources say that it is possible that the British government or those agencies in the United Arab Emirates will also seek access to Dr. Zafar because Dr. Zafar has deprived the people of these countries of billions of rupees by fraud while Roja is still in hiding.

Meanwhile, Waqar Zaka has been appointed as a corrupt currency expert by the Khyber Pakhtunkhwa government. Waqar Zaka, a well-known host of Pakistani showbiz industry, has been appointed as a corrupt currency expert by the Khyber Pakhtunkhwa government. He said that he would not take a single rupee for his services to the country.

Recently, Waqar Zaka had challenged the Prime Minister to write off all the debts of Pakistan and said that he could repay the debts of Pakistan using corruption but the condition was that the Prime Minister should resign and let him run the country. Bitcoin crash and cryptocurrency crash trends are also running on social media, with mixed reactions from consumers.

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