Waqar Zaka and the Crypto Scam Case: What's Happening?
Waqar Zaka, a popular Pakistani TV host and social media star, is in trouble over a possible cryptocurrency scam. Here's the latest:
🔍 What's Going On?
In December 2022, a Karachi court issued an arrest warrant for Zaka because he kept missing court hearings for a case involving Rs 86 million related to cryptocurrency.
- By February 2023, he was labeled a fugitive for not turning himself in or asking for bail.
- The Federal Investigation Agency (FIA) says Zaka promoted shady crypto schemes on social media, tricking people into risky online investments.
⚖️ What Are the Charges?
- The FIA claims Zaka used his bank accounts for suspicious foreign money transfers and fundraising.
- He’s being investigated under several laws, including those for cybercrimes, general crimes, money laundering, and foreign exchange rules.
- The FIA says Zaka received Rs 6.8 million through international crowdfunding, which he later withdrew using pay orders and bank transfers.
🗣️ What Does Zaka Say?
- Zaka denies all accusations and says he’s being targeted for supporting crypto and digital innovation in Pakistan.
- He claims all his earnings, including money from Facebook, are legitimate.
- He also says he’s received death threats and feels harassed by investigators. The case is still being investigated, and people are closely watching because Zaka is a big name in Pakistan’s crypto world.
Waqar Zaka, a popular Pakistani TV host and social media star, is in trouble over a possible cryptocurrency scam. Here's the latest:
🔍 What's Going On?
In December 2022, a Karachi court issued an arrest warrant for Zaka because he kept missing court hearings for a case involving Rs 86 million related to cryptocurrency.
- By February 2023, he was labeled a fugitive for not turning himself in or asking for bail.
- The Federal Investigation Agency (FIA) says Zaka promoted shady crypto schemes on social media, tricking people into risky online investments.
⚖️ What Are the Charges?
- The FIA claims Zaka used his bank accounts for suspicious foreign money transfers and fundraising.
- He’s being investigated under several laws, including those for cybercrimes, general crimes, money laundering, and foreign exchange rules.
- The FIA says Zaka received Rs 6.8 million through international crowdfunding, which he later withdrew using pay orders and bank transfers.
🗣️ What Does Zaka Say?
- Zaka denies all accusations and says he’s being targeted for supporting crypto and digital innovation in Pakistan.
- He claims all his earnings, including money from Facebook, are legitimate.
- He also says he’s received death threats and feels harassed by investigators. The case is still being investigated, and people are closely watching because Zaka is a big name in Pakistan’s crypto world.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
116,927.68
+4.05%
RAD
0.711
+3.19%
EPIC
2.803
+5.61%