Rmatricks
--
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:
๐ 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.
โ๏ธ What Are the Charges?
- The FIA claims Zaka used his bank accounts for suspicious foreign money transfers and fundraising.
- Heโs 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.
๐ฃ๏ธ What Does Zaka Say?
- Zaka denies all accusations and says heโs being targeted for supporting crypto and digital innovation in Pakistan.
- He claims all his earnings, including money from Facebook, are legitimate.
- He also says heโs 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 Pakistanโs 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:
๐ 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.
โ๏ธ What Are the Charges?
- The FIA claims Zaka used his bank accounts for suspicious foreign money transfers and fundraising.
- Heโs 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.
๐ฃ๏ธ What Does Zaka Say?
- Zaka denies all accusations and says heโs being targeted for supporting crypto and digital innovation in Pakistan.
- He claims all his earnings, including money from Facebook, are legitimate.
- He also says heโs 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 Pakistanโs crypto world.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.ย See T&Cs.
1
0