he had fabricated the robbery to hide his trading losses.
Pakistani authorities have arrested a man for allegedly staging a fake robbery after losing a large sum in online trading.
Officials said the suspect, identified as Obaidullah, initially reported the fake incident to the emergency helpline.
He claimed that armed men had intercepted him in the Gulberg area.
Obaidullah said the assailants had snatched his vehicle and fled with Rs. 15 lakh in cash.
He also informed that the money was meant for his father’s upcoming pilgrimage.
The case took a turn when investigators noticed inconsistencies in Obaidullah’s account, prompting further questioning by the Gulberg police team.
Station House Officer Taimoor Abbas Khan confirmed that during interrogation, Obaidullah admitted he had fabricated the robbery to hide his trading losses.
According to the FIR, the funds had been sent to him by his brothers, Umar and Abdullah. They had specifically sent them for their father’s pilgrimage arrangements.
Instead of keeping the money safe, police said he invested it in high-risk online trading platforms in hopes of making quick profits.
Within a short time, the entire amount was lost, leading him to stage the fake robbery to avoid family confrontation.
Sub-Inspector Saad Iftikhar registered a case against Obaidullah, who is now in custody, while further investigation into the matter continues.
Police sources said that more details may emerge about the extent of his online trading activities and the platforms he used.
Authorities reiterated warnings about the dangers of unregulated online trading sites, many of which target inexperienced users.
Officials explained that most of these platforms offer promises of large returns while concealing the high risks and potential for total financial loss.
Law enforcement agencies have been observing a growing number of fraud cases linked to cryptocurrency and forex-style trading in Pakistan.
The incident has once again highlighted how a lack of awareness can lead to serious personal and legal consequences.
In recent years, several similar cases have been reported where individuals fabricated robberies.
In September 2024, a man identified as Agha Farhan was similarly arrested for staging a fake robbery involving Rs. 1.5 million.
Police said Farhan had reported being robbed on the road, but an investigation revealed he had masterminded the scheme himself.
The money had been sent by an overseas Pakistani named Sajid from Germany to be delivered to Sajid’s family in Lahore.
Instead of handing over the funds, Farhan orchestrated the false robbery to keep the amount, attempting to mislead the authorities.
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