The National Cyber Crime Investigation Agency (NCCIA) has arrested Faheem Akram, the prime suspect in a Rs. 35 billion (US$126.8 million) fraud involving the sale of counterfeit US postage stamps to American customers.
NCCIA Additional Director Lahore Zone Atif Amir announced the arrest at a press conference in Lahore. US authorities had reportedly offered a $100,000 reward for information leading to the suspect’s arrest.
According to investigators, the suspect ran a website, LabelsBank.com, from August 2023 to September 2026. The site sold more than 5 million fake US postage stamps at $2 each. 16 bank accounts were allegedly used in the operation, including those of the brother, wife, sister and maternal aunt of the suspect.
The agency registered the case under FIR No. 246/2026 and formed eight special teams to investigate across Punjab, Islamabad and Sindh. The teams raided 35 locations and questioned 47 people.
Investigators used artificial intelligence and other advanced technologies to analyze 122 call data records, 50 IMEI tracking reports, and audio and video recordings from 120 cameras. A 10-day tracking operation was conducted to locate the suspect.
A joint investigation team has been formed to examine the counterfeit stamp sales, financial transactions and the possible involvement of others in the network. Its members include Deputy Directors Waqas Saeed and Hassan, SHO Najam Bajwa, and Sub-Inspectors Nabeel and Tanveer.