Suspect who facilitated trader in defrauding Chinese importer arrested

The Federal Investigation Agency’s (FIA) Corporate Crime Circle arrested an accomplice involved in providing fake documents to facilitate the withdrawal of a Letter of Credit (LC) in a case where a Pakistani trader sent containers filled with soil and stones instead of the chrome metal to a Chinese company.

The suspect, Javed Mahmood, was apprehended from a housing society in Malir. The FIR mentioned him alongside the main accused, Syed Zeeshan Afzal. According to a written complaint by the Chinese importer, the Pakistani trader was supposed to ship 1,500 metric tonnes of chrome metal worth about Rs115 million. Instead of the promised metal, Afzal filled the

containers with soil and stones and dispatched them to China. Javed Mahmood played a key role by providing a bogus SGS Inspection Certificate of Quality, which was used to cash the LC in Karachi.