Business in the name of medicine, many citizens including overseas Pakistanis were lost, big fraud came to light

Khalid Mahmood and Javed Masood, residents of Chak Jhamra along with their sons and son-in-law started defrauding people from Faisalabad. 10 Started a business in Sargodha by collecting more than crores, now they have disappeared, the investors have moved away.

Faisalabad (94 news) The ongoing series of business fraud in Faisalabad, overseas Pakistanis once again lost their trust, invested crores of rupees, but those who diverted the money went into hiding. Along with overseas, many other Pakistanis also fell in their hands, medicine business became expensive.

According to the details Muhammad Nawaz son of Muhammad Akram Sakna Chak no 24 JB, Lahorianwala, Tehsil Chak Jhamra, District Faisalabad, has filed an application before the Deputy Commissioner, in which it is said that he shifted to the American state of Virginia along with his family in March 2019. He came to Pakistan in 2022 and met Khalid Mahmood son Chaudhry Siraj Din and Javed Masood son of Chaudhry Siraj Din received a phone call saying that they want to meet. In the meeting, Javed Masood pretended that he has been doing wholesale medicine business for 40 years. His partner died a few days ago and now his heirs. Do not want to continue the partnership. Therefore, you should participate in the business. For this purpose, Muhammad Nawaz made an investment of one crore five and six million rupees and sent the amount from time to time. While some amount was also paid to Hasan Khalid in dollars. After some time, Khalid Mahmoun said that my nephew Faisal Mansoor along with his family is shifting to Britain and you should buy the entire business. We will continue to take care of your business in your absence. For this they entered into a formal written agreement. For some time business details and reasonable profits were also available through Falk Sher Nagra and online.March. 2024 Khalid Mahmood suddenly disconnected from me. On contacting his office in Sargodha, I found out that the accounts of the company have been closed by FBR. Tried to contact them again, it was found that the business is independent. They have been closed and hidden. The petitioner has written that he runs a taxi in the US and handed over all his savings to these people. Now these people have stolen my money of 3 crore fifteen lakh rupees and refused to return it. So my money should be returned from these fraudsters. It is also known that they have also taken more than 10 crore rupees from different people. was collected which is now refused to be given to all these partners. When Khalid Mahmood's brother Javed was contacted, he said that I do not have any kind of transaction with him, I do separate business, we have offices in the same plaza but the businesses are separate. Signatures are also present and checks from banks have also been received by him. This proves that these groups with great planning lure people to collect money for business and thus disappear after giving profits for some time. Many such incidents have happened in Faisalabad. Those who extort money from overseas Pakistanis give the illusion of huge profits. Various business personalities also said that such characters should be punished severely so that this kind of fraud and money grabbing should stop.