An Accountability Court has frozen the bank account of the prime accused in a cryptocurrency and forex trading fraud case involving hundreds of victims.
Judge Muhammad Hamid Mughal of the accountability court upheld the freezing order for the bank account of Grown Star (Private) Ltd, a company owned by the prime accused, Muhammad Noman.
The account holds approximately Rs2.2 million in funds allegedly obtained through illegal means, according to Special Prosecutor Habibullah Baig.
Prosecutors allege that Noman and his associates operated an online platform, Prpal.com, through which they made false promises of returns from cryptocurrency trading, forex trading, and real estate investment projects. The scheme defrauded 131 individuals of a combined Rs602 million.
The court was also informed that a previous order had already frozen two vehicles purchased by the accused.
After hearing arguments from both sides, the court confirmed the bank account freeze and directed that the ruling be published in newspapers and communicated to the relevant bank authorities.
