In response to the tragic suicide of Muhammad Masood, a 42-year-old man from Rawalpindi, the Federal Investigation Agency’s (FIA) Cyber Crime Wing has started taking action against online loan apps.
Masood tragically committed suicide after falling prey to online loan application blackmail.
Two loan application offices in Sector G8, Islamabad, were searched and subsequently closed down, an FIA spokesperson confirmed on Thursday. Computers and laptops were also seized during this operation.
The spokesperson also said that additional actions would be taken against any apps found to be involved in illegal practices. The FIA is working with the Securities and Exchange Commission of Pakistan (SECP) to gather information on illegal loan applications.
Additionally, a request to disable these illegal loan applications will be made to the Pakistan Telecommunication Authority (PTA). Additionally, steps will be taken to reduce online advertisements for these illicit loan apps.
The FIA urged people to report any instances of blackmail or other forms of abuse and urged those who had been harassed by such loan apps to file complaints with the Cybercrime Circle.
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