Suspect in US postage stamp fraud remanded in NCCIA custody

LAHORE – A local court on Wednesday granted the National Cyber Crime Investigation Agency (NCCIA) five-day physical remand of a suspect accused of running an online scam involving the sale of counterfeit US postage stamps, allegedly causing fraud worth Rs 35 billion.
Judicial Magistrate heard the NCCIA’s request for physical remand after the agency produced the suspect, Faheem Akram, before the court.
The investigating officer told the court that the suspect had been operating a website under the name “Labels Bank” since August 2023. According to the officer, the suspect had sold more than five million counterfeit US postage stamps through the online platform. The officer requested physical remand to interrogate the suspect and further investigate the case. After hearing the arguments, the court accepted the NCCIA’s request and granted five-day physical remand of suspect for further investigation.