Waqar Zaka, a television host and social media activist, rejected allegations of his involvement in a cryptocurrency scam after a court in the Karachi issued a non-bailable arrest warrant for him.
The warrant was issued earlier today while a court magistrate was hearing the case brought by the Federal Investigation Agency (FIA). The warrants were obtained because Waqar Zaka, who advocates for Pakistan to recognise cryptocurrencies as legal cash, did not show up for court.
The FIA claimed that over the past three years, a total of Rs 86.1 million in credits and Rs 87.1 million in debt had been shown in his bank account, and that some transactions had come from other nations.
Waqar Zaka told the media that the Federal Board of Revenue (FBR) had his whole net worth on file. He added that the FIA Cyber Crime was attempting to show that money transferred into Pakistan via the legal route was fraudulent.
He questioned whether someone uses banking channels to bring their money to Pakistan when they perform money laundering.
Filing defamation against all digital platforms posting fake news against me specially @dawn_com , this time I will make sure that any social media news platform posting incorrect news should be punished
— Waqar Zaka (@ZakaWaqar) December 23, 2022
Zaka, who is currently in the US, also announced to file a defamation case against all digital platforms, especially Dawn, for posting fake news against him.
This time, he said on Twitter, “I’m filing defamation against all digital platforms spreading false news against me, especially @dawn com. I’ll make sure that every social media news platform posting false news should be penalised.”
A court in the Karachi had issued a non-bailable arrest warrant for him in the Rs173 million cryptocurrency scandal case.