Karachi: According to the news, a Pakistani businessman has been arrested by the Federal Investigation Agency’s (FIA) Cooperative Crime Circle for allegedly defrauding a Chinese company out of Rs 115 million.
The proprietor of Dan Zu Traders, Syed Zeeshan Afzal Bilgrami, has been charged with a crime in response to a complaint made by Corin Chen of a Chinese import company, according to FIA officials.
The suspect, who was taken into custody from his workplace on II Chundrigar Road in Karachi, is charged with sending 60 containers of gravel and soil to the Jiangsu Provincial Foreign Trade Corporation in lieu of a mineral.
According to the information, on January 17, 2024, Bilgrami signed a contract with the Chinese company that called for the former to export 1,500 metric tons of chrome ore to the latter.
