Karachi, April 17, 2025: The Federal Investigation Agency (FIA) has lodged a new case against Armaghan Qureshi, the prime suspect in the Mustafa Amir murder case, for alleged involvement in hawala-hundi transactions, cryptocurrency dealings, and running an online fraud network targeting U.S. citizens through an illegal outbound call centre.
The case was registered by the FIA’s Anti-Money Laundering Circle on behalf of the state.
According to the First Information Report (FIR), Armaghan was operating a network that generated illegal profits of up to $400,000 per month. The FIR states that he, along with his father, had set up a company in the United States to facilitate hawala-hundi operations.
The agency further alleged that Armaghan laundered money through cryptocurrency and used the proceeds to purchase luxury vehicles. He currently owns three high-value cars and previously sold five others. Investigations also revealed that he opened bank accounts in the names of two employees to conceal his financial trail.
The FIR added that the accused had established a call centre in 2018, which was used to conduct fraudulent phone calls to U.S. residents. Sensitive banking information obtained through these calls was allegedly used to siphon funds directly into Armaghan’s accounts. The network reportedly involved 25 individuals, each defrauding an average of five people daily.
On Wednesday, a Karachi anti-terrorism court (ATC) extended FIA’s custody of Armaghan for nine more days, citing the need to access his cryptocurrency wallets. The court directed FIA officials to ensure the suspect’s production at the next hearing on April 24.
The FIA has charged Armaghan under sections 3 and 4 of the Anti-Money Laundering Act, 2010 (Amended 2020).
The case revolves around the disappearance and murder of BBA student Mustafa Amir, who went missing on January 6. The investigation escalated after Armaghan allegedly opened fire on an Anti-Violent Crime Cell (AVCC) team during a February raid at his residence in Karachi’s DHA.
Mustafa’s body was discovered in a car near the Hub checkpost on January 12 and buried by the Edhi Foundation on January 16. It was later exhumed under the supervision of a judicial magistrate and a three-member medical board for further investigation.
