KARACHI: The Federal Investigation Agency (FIA) has submitted evidence to an anti-terrorism court in Karachi linking Armughan Qureshi, also known as Army, to large-scale financial crimes tied to the abduction and murder of Mustafa Amir.
According to an interim charge sheet filed at the Anti-Terrorism Administrative Court in Karachi Central Jail, Armughan ran a vast money laundering and fraud network that impersonated US government agencies to deceive American citizens.
The FIA claims Armughan operated several call centers and registered his own company in 2018, earning an estimated $300,000 to $400,000 per month. A significant portion of these earnings was allegedly converted into cryptocurrency.
Recovered evidence includes 18 laptops, call scripts, and eight vehicles worth more than Rs154 million. Two foreign agents, Lisa and Sophie, were reportedly hired to expand operations under a fraudulent company named “Trademark Comin,” which generated an estimated $25 million annually.
Call center employees were paid up to $450,000, with payments routed through third parties. The FIA also identified a business account at Truist Bank, Maryland, under the name Kamran Qureshi, allegedly used to mask transactions as software services.
Armughan is said to have managed other accounts under the alias “CRUZERS,” connected to seven merchant terminals and payment gateways. Transactions were disguised using terms like “US Patent Trademark” to avoid detection.
Illicit funds were reportedly converted into Bitcoin using Coinbase, moved to crypto wallets on Paxful and Noones, and later turned into fiat or USDT for third-party transfers.
The FIA states that the laundered funds were used to acquire high-value assets and pay criminal associates. Email accounts such as [email protected] and [email protected] were allegedly used to operate crypto wallets for laundering proceeds.
