Fake Online Investment Company in Peshawar Stole Rs 5.6 Billion From Innocents

An online investment company has defrauded more than 100,000 KP residents of Rs. 5.6 billion.

According to details, PSlash, the company in question, had set up an office in Deans Trade Center in Peshawar this year in January.


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The company raised significant funds by duping unsuspecting real estate and digital and foreign currency investors on the pretext of returning profits up to 13%.

However, on 20 November, the company’s website apparently went offline and a notification appeared on it which read ‘system is hacked.’

Victims of the scam, many of whom have lost their entire life savings, have said they are unable to contact the company’s representatives since 20 November.

They claimed the company had changed its name thrice from Earn Bitcoin to Payslash and finally to PSlash. They said the agents and managerial staff of the company always assured them that the company was registered with SECP.

A lawyer representing one of the victims has said that the first complaint against PSlash for suspicious activities was lodged in FIA on 24 August while the second complaint was registered with PTA on 16 September.


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However, FIA and PTA failed to take timely action against PSlash which resulted in 100,000 people losing their hard-earned money, the lawyer added.

Had the agency and the regulator taken timely action against the fraudulent company, this billions of rupee scam would not have happened in Peshawar.

A senior official in FIA Peshawar has acknowledged that the scam is worth Rs. 5.6 billion but declined to explain the reason behind the agency’s failure to take action despite receiving a formal complaint a few months ago.

Similarly, a PTA spokesperson also admitted that the regulator had received a complaint against the company in September.

Via: Arab News 

  • Theses people were greedy to make money without doing due diligence. Come on company online?? Now blaming others and want government to bail them out,

    • Greed is in human nature, nothing wrong with the people. Anyone with good marketing and communication skills can convince you to buy something which you don’t even need so people are partially to be blamed here.

  • One more fake investment company is working around us named bitkrypton, and continues making fool innocents, if FIA, PTA and other related organisations take an action timely they must save not only thousands of people halal income also can arrest these fraud teams.

  • How can people be so stupid to invest in an online company? And why didn’t FIA AND PTA take any action even after receiving complaints? Action must be taken against both FIA and PTA.

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