The Federal Investigation Agency (FIA) has registered a criminal case involving fraud of 1 billion Pakistani rupees against former Chief Operating Officer of Pak China Fertilizer Ltd. Muhammad Rafiq Bhojani, his son Zain Abbas Bhojani, Ashafq Ahmed and nephew Muzammil Bhojani, after finding them guilty of fraud.
The case has been registered at the Judicial Magistrate South-1 Karachi under Section 154 Code of Criminal Procedure, on a complaint filed by Syed Tahir of Pak China Fertilizers Limited against Rafiq Bhojani and three others regarding illegal transfer of shares of M/s Pak China Fertilizers by fraudulent manner. The process was done by electronic means using fake electronic data, according to the FIA report.
The FIA has confirmed that it registered the criminal case after a thorough investigation in which it was established that Mr Bhojani led the criminal plot with help from Zain Abbas Bhojani and nephew Muzammil Bhojani.
The FIA said in the report: “During the course of enquiry, it has been established that the accused Muhammad Rafiq Bhojani prepared fake Securities and Exchange Commission of Pakistan (SECP) profile of the complainant, Syed Tahir Hussain, and manipulated fake long-in on complainant’s behalf for which Muhammad Rafiq Bhojani allegedly used his own cell phone for authentication and gave a fake email address.
“During the course of enquiry it has also been established that accused Rafiq Bhojani prepared fake registration letter of Mr Hussain from his Directorship of M/s Pak China Fertilizers letter and fraudulently affixed fake thumb impression of Syed Amir Hussain on the said registration letter and submitted before the Securities and Exchange Commission of Pakistan," the report further stated.
Earlier in 2018, a similar report was filed with FIA Cyber Crime Wing against Bhojani by Murtuza Akbar Ali on a banking fraud case previously in 2018.
The case has been registered at the Judicial Magistrate South-1 Karachi under Section 154 Code of Criminal Procedure, on a complaint filed by Syed Tahir of Pak China Fertilizers Limited against Rafiq Bhojani and three others regarding illegal transfer of shares of M/s Pak China Fertilizers by fraudulent manner. The process was done by electronic means using fake electronic data, according to the FIA report.
The FIA has confirmed that it registered the criminal case after a thorough investigation in which it was established that Mr Bhojani led the criminal plot with help from Zain Abbas Bhojani and nephew Muzammil Bhojani.
The FIA said in the report: “During the course of enquiry, it has been established that the accused Muhammad Rafiq Bhojani prepared fake Securities and Exchange Commission of Pakistan (SECP) profile of the complainant, Syed Tahir Hussain, and manipulated fake long-in on complainant’s behalf for which Muhammad Rafiq Bhojani allegedly used his own cell phone for authentication and gave a fake email address.
“During the course of enquiry it has also been established that accused Rafiq Bhojani prepared fake registration letter of Mr Hussain from his Directorship of M/s Pak China Fertilizers letter and fraudulently affixed fake thumb impression of Syed Amir Hussain on the said registration letter and submitted before the Securities and Exchange Commission of Pakistan," the report further stated.
Earlier in 2018, a similar report was filed with FIA Cyber Crime Wing against Bhojani by Murtuza Akbar Ali on a banking fraud case previously in 2018.