FIA Probes Nearly Rs 120 Billion Betting Money Trail Through Company Accounts: What Wallet Users Should Do
FIA is reported to be probing about Rs 120 billion of betting money routed through company and wallet accounts. See what is reported and what you should do.
Short answer: The Federal Investigation Agency (FIA) has registered a case in Faisalabad over an online betting network that allegedly moved nearly Rs 120 billion through company accounts, including Easypaisa and JazzCash collection accounts. Ordinary wallet users are not accused of anything. If you hold a wallet, the practical step is to keep your account for your own money only.
Most people know a mobile wallet as a place to pay a bill or send Rs 2,000 to a cousin. This case is about the other side of the same system, where a company account receives millions of small deposits in a day. The reported numbers are large enough that wallet users are asking whether their own money is safe.
We have not seen the FIR (first information report, the police record that opens a criminal case) itself. FIA has not published it on a page we could read, so every figure below is reported from the case record as it has been described in the press, and we mark it that way.
The FIA case covers about Rs 120 billion in reported credits
Reports say the FIA Faisalabad Composite Circle registered the case after an inquiry that began in September 2026. Eleven single member companies reportedly showed credits of about Rs 119.93 billion, and about Rs 118.80 billion went out again. A "single member company" is a company with one owner.
These companies were presented as e-commerce, construction or digital marketing businesses. Investigators allege they were used to collect money tied to online betting websites, then to pass it on through other accounts. Eight people are reportedly named in the case, and two are reported to be in custody.
| Item | Reported figure |
|---|---|
| Companies under examination | 11 single member companies |
| Combined credits | Rs 119.93 billion |
| Combined debits | Rs 118.80 billion |
| Wallet collection accounts named | 5 accounts |
| Money in those 5 accounts | About Rs 8.586 billion |
| Transactions in those 5 accounts | About 10.49 million |
| People named in the FIR | 8 |
Wallet collection accounts reportedly took 10.49 million deposits
The part that touches wallet users is the collection accounts. Reports say five branchless banking accounts received about Rs 8.586 billion in roughly 10.49 million transactions. That works out to an average of about Rs 818 a deposit, which is the size of an ordinary wallet payment.
"Branchless banking" means banking through a phone and an agent, with no bank branch. Easypaisa and JazzCash are the two best known examples. The reported allegation is that corporate accounts were opened with both providers in 2024 and 2025 under business descriptions that did not match what later passed through them.
The FIA is also reported to be looking at whether staff at the payment providers helped open the accounts or skipped checks. That is an allegation under investigation, not a finding. Neither provider had published a statement on the case at the time of writing, as far as we could find.
The money reportedly moved through layers before it reached shops
The case describes a chain. Deposits went into collection accounts, then to company accounts at a microfinance bank, then to other bank accounts, and finally to small businesses in northern areas that had no obvious link to the senders. Investigators say that pattern is what makes them suspect the trail was built to hide the source.
The FIR also reportedly mentions informal transfer channels, often called hundi or hawala, and settlement in a crypto dollar token. Betting platforms offered real money games and took deposits by bank transfer, mobile wallet and crypto.
This is why the wallet is in the story. The betting sites needed Pakistani accounts that could take small payments from many people. That is a different thing from a player sending money to a site.
What this means for a normal wallet holder
Nothing in the reports accuses an ordinary account holder. The accused are company owners and the people who allegedly set up the accounts. Still, three habits protect you.
- Use your wallet for your own money and your own bills only.
- Never lend your CNIC, SIM or wallet to someone who offers a commission to "receive" payments.
- Do not deposit into a betting or "earning game" site, because the receiving account may be frozen and your money with it.
- Keep the transaction message of any payment you make, in case a bank asks you to explain it.
If a payment you made went to the wrong place, the steps in our note on a wrong JazzCash or Easypaisa transfer still apply. If you were cheated by a fake site, the digital fraud refund rules explain what your provider must do.
Business sellers may see delays while checks tighten
Reports also say that some business collection accounts were closed or suspended after the FIA notices, and that settlements to some online sellers were delayed. We could not confirm the number of closures from the providers or from the State Bank of Pakistan (SBP), so treat the figure of over 100 accounts as reported.
If you sell online and take payments through a gateway, ask your gateway which wallet or bank holds your settlement and keep your own business papers ready. Providers are expected to ask a business for proof of what it really does. Check that a payment app is SBP licensed before you route customer money through it.
What is confirmed and what is still reported
A case has been registered and, according to reports, arrests have been made. The money figures come from the FIR as described in the press. No court has decided anything, and the people named are presumed innocent until a court rules.
| Point | Status |
|---|---|
| FIA registered a case in Faisalabad | Reported, FIR text not seen by us |
| Rs 119.93 billion in credits | Reported from the FIR |
| Wallet staff helped open accounts | Alleged, not established |
| Over 100 collection accounts closed | Reported, not confirmed by providers |
| Guilt of any named person | Not decided by any court |
Common questions
Is my Easypaisa or JazzCash wallet in danger because of this case?
No report says personal wallets are frozen because of it. The accounts under scrutiny are company collection accounts. Keep your own use normal and your balance is not affected by the case.
Can I be blamed if I played on a betting site?
We cannot give legal advice on that, and no report says players are being charged. The safest step is to stop depositing. If you are contacted by an investigator, ask for the notice in writing and get a lawyer.
Should I stop using mobile wallets?
No. The reported problem is how some company accounts were opened and used. Normal bill payments and transfers between people are not the target of the case.
How do I report a betting or fake earning site?
Report it to the NCCIA on helpline 1799 or through its complaint portal. Our guide to reporting cybercrime to the NCCIA lists the routes.
What if someone asks to use my wallet to receive money?
Refuse. Accounts used to pass money for strangers are the same pattern the case describes, and the account holder is the first person a bank can reach.
How we verified this
What we checked, where we read it, and what we could not confirm.
We read the SBP press release page on 12 October 2026 and found no statement on this case. We could not open the FIA site to check for a release. The figures above come from press descriptions of the FIR dated 10 and 11 October 2026 and are reported, not confirmed by FIA. We will update this page when FIA, JazzCash or Easypaisa publish their own account.
About the author
Technology Journalist & Multimedia Producer
Ahmad Ali is a technology journalist and multimedia producer at Pakistan Era, joining the team in October 2026. He covers consumer technology and digital life for Pakistani readers, combining research with hands-on product testing.
