A fraud case involving millions of rupees has been reported against a Kazakhstani company, perpetrated by Pakistani traders.
The fraudsters allegedly swindled PKR 3.25 crore, three crores of which were taken from Kazakhstani traders looking to purchase chicken feed from a Pakistani company.
The Kazakhstani company, Bukhat Jan and Mears, initially entered into a $50,000 agreement with Big Dragon, a Pakistani company, to supply chicken feed. After finalizing the deal, they transferred $25,000 as an advance payment to Big Dragon’s account. However, Big Dragon subsequently deceived the traders, which led them to file a lawsuit, although no recovery has been made thus far.
Kazakhstani company contacted McKen Foods, another Pakistani company based in Karachi, to continue pursuing their business needs. The owner, Muhammad Aamir, welcomed the company’s representatives to his factory and secured a deal worth $320,000. Trusting this new partnership, the Kazakhstani traders transferred $90,000 to McKen Foods. Regrettably, they were again defrauded as they discovered that Muhammad Aamir’s operation was also fraudulent. Despite seeking help from the police, there has been no advancement in their case.
Despite these setbacks, the Kazakhstani traders remain open to continuing bilateral trade with Pakistani entities, contingent upon receiving proper support from Pakistani law enforcement to safeguard their transactions and interests.
