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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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Currency Rates in Pakistan - Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal - 24 Feb 2024

Pakistani currency remains largely stable against US dollar and other currencies in the open market on February 24, 2024.

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.5 for buying and 282.55 for selling.

On Saturday, Euro stands at 302  for buying and 305 for selling while British Pound rate stands at 352.5 for buying, and 356 for selling.

UAE Dirham AED hovers at 76.1 whereas the Saudi Riyal saw slight increase, with new rates at 74.35.

Today’s currency exchange rates in Pakistan - 24 February 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.5 282.55
Euro EUR 302 305
UK Pound Sterling GBP 352.5 356
U.A.E Dirham AED 76.1 76.8
Saudi Riyal SAR 74.35 75.1
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.88 751.88
Canadian Dollar CAD 207 209
China Yuan CNY 38.89 39.29
Danish Krone DKK 40.38 40.78
Hong Kong Dollar HKD 35.76 36.11
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 908.79 917.79
Malaysian Ringgit MYR 58.6 59.2
New Zealand Dollar NZD 171.68 173.68
Norwegians Krone NOK 26.43 26.73
Omani Riyal OMR 726.53 734.53
Qatari Riyal QAR 76.76 77.46
Singapore Dollar SGD 207 209
Swedish Korona SEK 26.53 26.83
Swiss Franc CHF 317.87 320.37
Thai Bhat THB 7.79 7.94

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