Permanent link to this post: Pakistani crypto trader Mohammed Arsalan kidnapped and released after paying $340,000.
crypto trader kidnapped two police officers and five suspects.
Inspector General of Police Ghulam Nabi Memon, he promised to get rid of the suspects and police officers.
Pakistani crypto trader Mohammed Arsalan was released after paying $340,000 to a criminal gang involved in digital asset theft. Inspector General of Police Ghulam Nabi Memon said in a statement that authorities have arrested seven suspects in connection with the crime.
Inspector General Memon said the criminals were arrested late Friday, and a Counter Terrorism Department (CTD) officer was also involved in the crime.
According to Inspector General Memon, another suspect, a police officer, is still at large, and efforts are underway to apprehend him as soon as possible. Superintendent Memon said the group kidnapped the crypto trader and forced him to pay a ransom of $340,000 before releasing him.
Ashar, Mohammed Rizwan Shah, Umer Irshad, Muzammil Raza, Tariq Hasan Shah, Noman Rifat and Umer Jilani. They are currently in custody.
According to the details of the incident, Pakistani crypto trader Mohammed Arsalan was kidnapped in Manhopir on December 25. After the kidnapping, the criminals forcibly transferred USD 340000 to his #Binance account through another account. After the transfer, he was released near Brigade police station. After his release, he lodged a complaint with Manhopir police who registered an FIR under Sections 365-A (kidnapping or intent to extort) and 34 (general intent) of Pakistan Penal Code and then the investigation was transferred to AVCC/CIA. According to official documents, AVCC formed a team led by SSP Anil Haidar Minhas and AVCC SHOs conducted technical operations in several areas of the capital and arrested seven kidnappers.
It all started 15-20 days before the kidnapping.
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