FIR Filed Against 14 Suspects in Billion-Rupee Stamp Paper Scandal

Authorities in Islamabad have registered a criminal case against 14 people for allegedly running a major fake stamp paper racket that siphoned off substantial revenue from the national exchequer. A massive stamp paper scandal has rocked the federal Treasury Office, as investigators uncover what appears to be one of the largest revenue frauds in recent years, allegedly involving officials of the Federal Treasury Office and stamp vendors operating with fake documentation. Police confirmed that a First Information Report (FIR) has been registered under Sections 420, 468 and 471 of the Pakistan Penal Code, covering cheating, forgery and the use of forged documents. Six suspects have been arrested so far, while teams are pursuing the remaining eight who are still on the run. ProPakistani was informed earlier that the identities of those taken into custody are being verified before investigators release further details. The inquiry is continuing as authorities work to determine the full financial impact of the operation and identify any additional accomplices. These suspects allegedly used stamp papers worth tens of millions, and potentially billions of rupees, on fraudulent receipts, with Federal Treasury officials suspected of working in connivance with vendors. The scam reportedly remained undetected for years due to the absence of a verification mechanism between the State Bank of Pakistan (SBP) and the Federal Treasury Office. Sources familiar with the scam fear the total financial impact may run into billions of rupees, marking it as a potentially unprecedented case of revenue leakage.