Since our final replace on Munafa Community Advertising in Might, Pakistani authorities have arrested an addition thirty-four suspects.
As of Might 2018, authorities had arrested 5 suspects. Additional investigation has revealed Munafa Community Advertising was spearheaded by over 271 main promoters.
Since shutting down the Ponzi cycler, over 11,000 Munafa Community Advertising victims have filed claims for losses of over $138 million USD.
After going by means of the claims, the Nationwide Accountability Bureau pegged precise investor losses at $86.8 million.
Even the decreased quantity nonetheless is nowhere close to the $6.8 million authorities have been capable of freeze.
Of the thirty-nine arrested suspects ten have opted for a plea cut price, 4 of which have up to now been permitted.
If additional clawbacks aren’t made, because it stands Munafa Community Advertising victims stand to lose round $80 million (doubtless extra owing to unverified claims).