LAHORE (Web Desk) – A local court has granted a five-day physical remand of Faheem Akram, the main suspect in an alleged Rs35 billion counterfeit US postage stamp scam, to the National Cyber Crime Investigation Agency (NCCIA) for further investigation.
The suspect is accused by US authorities of operating an online platform that allegedly sold millions of counterfeit postage labels, causing losses exceeding $126 million to the US Postal Service.
According to investigators, the website LabelsBank.com allegedly sold more than five million fake postage labels between August 2023 and September 2026. Authorities are also examining 16 bank accounts allegedly linked to the transactions.
The investigation has involved multiple raids, questioning of dozens of individuals and analysis of call records, device tracking data and surveillance footage.
US prosecutors have filed charges including conspiracy, counterfeit postage sales and wire fraud. The investigation in Pakistan is continuing to determine the full scope of the alleged operation and identify other people who may have been involved.
