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Foreigner detained in Lahore in online loan fraud case

11:15 PM | 4 Aug, 2023
Foreigner detained in Lahore in online loan fraud case
Source: File Photo

LAHORE – The Federal Investigation Agency's (FIA) cybercrime team has detained a foreign national in Lahore for planning a major scam via an internet loan application. 

Jian Li Yang, who was apprehended in the Gulberg neighbourhood of Lahore, has been named as the mastermind of the fraudulent plan.

Yang, a foreign national, had been working in Pakistan for a startling 10 months, during which time he had gathered a complex network of collaborators, mostly Pakistanis, to help his illegal operations. This information was made public by FIA officers.

Yang's method involved gathering private information via the online loan application and then using that information to blackmail unsuspecting people. His illegal actions not only left the victims in financial hardship but also traumatised emotionally and psychologically.

In order to uncover the entire scope of the fraudulent activities, the FIA is digging further into the ways in which the criminal network operates as the inquiry progresses.

Daily Pakistan Global Web Desk

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Pakistani rupee rate against US Dollar, Euro, Pound, Riyal - Check 14 April forex rates

Pakistani currency remains unchanged against US dollar and other currencies in open market on April 14, 2024.

US Dollar rate in Pakistan

On Sunday, the US dollar was being quoted at 277.5 for buying and 280.5 for selling.

Euro was quoted at 299.95 for buying and 302.9 for selling while British Pound stands at 349.5 for buying, and 353 for selling.

UAE Dirham AED was at 75.45 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 14 April 2024

Source: Forex Association of Pakistan. (last update 08:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.5 280.5
Euro EUR 299.95 302.9
UK Pound Sterling GBP 349.5 353
U.A.E Dirham AED 75.45
 
76.2
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 182.7 184.5
Bahrain Dinar BHD 739.38 747.38
Canadian Dollar CAD 204 206.2
China Yuan CNY 38.45 38.85
Danish Krone DKK 40.45 40.85
Hong Kong Dollar HKD 35.57 35.92
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86
 
1.94
Kuwaiti Dinar KWD 903.91 912.91
Malaysian Ringgit MYR 58.92 59.52
New Zealand Dollar NZD 167.63 169.63
Norwegians Krone NOK 25.38 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.35 77.05
Singapore Dollar SGD 206 208
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.61 7.76

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