Pakistan’s National Cyber Crime Investigation Agency (NCCIA) has arrested Faheem Akram, the prime suspect in an alleged Rs. 35 billion (US$126.8 million) fraud selling fake US postage stamps to unaware American customers.
NCCIA Additional Director Lahore Zone Atif Amir disclosed the arrest at a press conference in Lahore. The suspect operated a website called LabelsBank.com from August 2023 to September 2026.
The website sold more than 5 million counterfeit US postage stamps at $2 each. The total value of the alleged fraud was estimated at approximately Rs. 35 billion.
16 bank accounts were allegedly used for the business. These included accounts belonging to the suspect, his brother, wife, sister and maternal aunt.
NCCIA registered the case under FIR No. 246/2026 and formed eight special teams to investigate the matter across Punjab, Islamabad and Sindh. The teams conducted raids at 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 also conducted to locate the suspect.
A joint investigation team was formed to examine the alleged counterfeit stamp sales, financial transactions and the possible involvement of other individuals in the network.
The team includes Deputy Directors Waqas Saeed and Hassan, SHO Najam Bajwa, and Sub-Inspectors Nabeel and Tanveer.
US authorities had reportedly announced a $100,000 reward for information leading to the suspect’s arrest.
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