Multi-Billion Rupee Fraud Suspect Escapes After Bail Rejected by Malir Court

KARACHI: A primary suspect involved in an alleged multi-billion rupee scam targeting over 700 citizens managed to escape from the Malir Court premises on Thursday after his interim bail plea was rejected.

The Incident The hearing took place in a case involving massive financial fraud centered in the Gulshan-e-Hadeed and Gharo areas. The suspect, identified as Basir Ahmed, appeared before the court seeking an extension of his interim bail. However, upon hearing the arguments, the judge dismissed the application. Exploiting a lapse in security, the suspect fled the court building shortly after the verdict was announced.

Case Background The legal action stems from a First Information Report (FIR) registered at the Steel Town Police Station on the complaint of a citizen, Waqas Chaudhry, regarding a bounced cheque. According to the complainant’s counsel, Abbas Zar Advocate, the suspect operated a showroom named “Nazir Motors” in Gulshan-e-Hadeed. The group allegedly defrauded over 700 individuals across various localities, including Gharo and Pipri. The modus operandi involved purchasing vehicles from citizens and issuing cheques that subsequently bounced.

The Prosecution’s Stance During the proceedings, Advocate Abbas Zar argued that the suspect was involved in systematic loot and did not deserve the concession of bail. He informed the court that in the specific case of Waqas Chaudhry, the suspect had purchased two vehicles and issued two cheques, both of which were dishonored by the bank. The counsel urged the court to cancel the interim bail and order the suspect’s immediate arrest to ensure the recovery of the defrauded amount. While the court agreed to cancel the bail, the suspect’s successful escape has raised concerns regarding court security.

Police have initiated a search operation to apprehend the absconding suspect.

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