Karachi couple swindles Rs50 million in car loan scam
KARACHI – Butt and Sons Pvt Ltd in Sindh capital is accused of looting millions of rupees in the name of a car finance scheme as fourteen cases so far have been registered against the missing owners.
Karachi police launched the investigation against the major scam in which a couple running car finance looted millions of rupees from hundreds of customers and later disappeared without a trace after closing all of the offices.
According to the victim of the latest scam, the company attracts applicants by posting on different sale and purchase websites.
The cheaters offered customers a car of their choice at a 5 percent interest rate and told applicants to come in person for paperwork, after which the applicant made a down payment by signing a contract.
Porsche-Pakistan CEO runs off with Rs800 million, ... 08:00 PM | 5 Feb, 2021
LAHORE – A luxury car dealer in Lahore has allegedly run away with nearly a billion rupees after conning people ...
It is learned that a person namely Bilawal Khan Baladi ran the fraudulent company, but left by handing it over to a man named Rayyan Butt. Later on, Butt married a staffer called Waniya, and since then the couple was managing the three branches.
Pak Suzuki raises car prices again 11:21 PM | 4 Feb, 2021
LAHORE – The country's most popular automaker, Pak Suzuki has raised the prices of its different vehicles once ...
- LIVE — PAKvNZ: Pakistan restrict New Zealand to 134 in T20 World ...08:19 PM | 26 Oct, 2021
- Ali Embroidery Junior National Tennis Championship 2021: Top seeds ...08:05 PM | 26 Oct, 2021
- US Consul General Lahore highlights English as a way to build ...07:16 PM | 26 Oct, 2021
- ‘Time to avenge’: PCB chief’s statement echoes Pakistan’s ...06:20 PM | 26 Oct, 2021
- First Lady Bushra Bibi's daughter ties the knot in Madinah, couple's ...03:27 PM | 26 Oct, 2021
- Abrar-ul-Haq and Saba Qamar win hearts with hilarious version of ...12:35 PM | 26 Oct, 2021
- Pakistani celebrities who passed away in 202102:00 PM | 17 Oct, 2021
- India falls to 101 in Global Hunger Index 2021, 9 ranks below Pakistan10:54 AM | 16 Oct, 2021
- Celebrity deaths in 202111:59 PM | 12 Oct, 2021
- Hollywood stars with surprising hidden talents07:11 PM | 13 Sep, 2021