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GUJRANWALA, Dec 25: Police on Thursday arrested a man involved in a forex company scam.
On a tip-off, a police party led by Station House Officer (SHO) Gohar Bhatti conducted a raid and arrested Muhammad Khalid from Model Town Market.
Khalid along with his brother, Chand Pervaiz, and one Asim Karim had established a forex company named Still Rich a few years ago and started their business in Gulberg, Lahore, and Wapda Town, Gujranwala.
It is learnt that the accused jointly committed a fraud of $3.5 million.
Chand Pervaiz is already in NAB’s custody, while Khalid had been absconding for long.
