Imran Khan sahab
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Bullish
Popular Pakistani YouTuber Saud ur Rehman, also known as Ducky Bhai, has been detained at Lahore’s Allama Iqbal International Airport after being placed on the Provisional National Identification List. Authorities allege that he promoted gambling and trading applications such as Binomo, which used crypto deposits and withdrawals to hide fraudulent activity.
According to the FIR, these apps misled the public by posing as legitimate investment platforms and caused large financial losses. Evidence recovered by investigators includes a phone, WhatsApp conversations related to Binomo promotions, contacts tied to illegal advertising and records of illicit payments made through crypto.
Officials say Saud ur Rehman also acted as a country manager for Binomo in Pakistan without approval from any regulatory body, including the SECP or FBR.
Authorities warn that such apps are dangerous because they disguise gambling as investment, use cryptocurrencies to avoid regulation, and make it nearly impossible for victims to recover lost funds. They also damage public trust in genuine digital finance and crypto projects.
Legal proceedings are now underway under multiple sections of PECA 2016 and the Pakistan Penal Code. Investigations into possible accomplices are still in progress.
According to the FIR, these apps misled the public by posing as legitimate investment platforms and caused large financial losses. Evidence recovered by investigators includes a phone, WhatsApp conversations related to Binomo promotions, contacts tied to illegal advertising and records of illicit payments made through crypto.
Officials say Saud ur Rehman also acted as a country manager for Binomo in Pakistan without approval from any regulatory body, including the SECP or FBR.
Authorities warn that such apps are dangerous because they disguise gambling as investment, use cryptocurrencies to avoid regulation, and make it nearly impossible for victims to recover lost funds. They also damage public trust in genuine digital finance and crypto projects.
Legal proceedings are now underway under multiple sections of PECA 2016 and the Pakistan Penal Code. Investigations into possible accomplices are still in progress.
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