Karachi, April 17, 2025 – The Federal Investigation Agency (FIA) has escalated its pursuit of Armaghan, the prime suspect in the high-profile Mustafa Amir murder case, by registering a fresh case against him for alleged involvement in a sophisticated web of financial crimes. The new charges, filed by the FIA’s anti-money laundering unit, accuse Armaghan of operating an international hawala-hundi network, engaging in illegal cryptocurrency dealings, and orchestrating online fraud schemes targeting foreign nationals.
According to official documents, Armaghan, alongside his father, is said to have established a U.S.-based company to facilitate the illicit transfer of funds through hawala-hundi channels, reportedly generating monthly profits of up to $400,000. The FIA alleges that these earnings were funneled into cryptocurrency investments, which Armaghan used to acquire a fleet of luxury vehicles. Authorities claim he currently owns three high-end cars valued at millions of rupees and has sold five others in recent years.
Further investigations revealed that Armaghan allegedly opened multiple bank accounts under his employees’ names to mask his financial activities. The FIA also uncovered evidence of an illegal call center he reportedly set up in 2018, which was used to perpetrate telephone-based scams. The operation, staffed by a team of 25 individuals, is said to have targeted American citizens, deceiving at least five victims daily by extracting sensitive banking details. The illicit proceeds were allegedly funneled directly to Armaghan.
In a recent development, an anti-terrorism court in Karachi extended Armaghan’s custody with the FIA for an additional nine days to allow further probing into the money laundering allegations. During the hearing, the agency informed the court that efforts to access Armaghan’s cryptocurrency wallets are ongoing but have yet to yield results. The court directed the FIA to present Armaghan at the next hearing, scheduled for April 24, 2025, and emphasized compliance with the order.
The FIA has charged Armaghan under Sections 3 and 4 of the Anti-Money Laundering Act, 2010 (Amended 2020), which address money laundering offenses and their penalties. As the investigation deepens, authorities are working to unravel the full extent of Armaghan’s alleged financial empire and its connections to the Mustafa Amir murder case, which continues to grip public attention.
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