Billions-Rupee Solar Panel Fraud in Lahore: Who Defrauded Traders?

Lahore: Four FIRs have been registered in Lahore concerning a solar panel and inverter business scam on Hall Road, involving alleged fraud exceeding Rs 40 million.

According to police, the FIRs were lodged at Qila Gujjar Singh Police Station under Section 406 of the Pakistan Penal Code (criminal breach of trust). At least 11 traders have alleged that the accused collected large sums of money on trust and then fled after embezzling the funds.

The accused, Sagar Ahmed, Saddam Hussain, and Afzal, who operated under the name New Karachi Solar, reportedly received advance payments and business capital from several traders before closing their shops and disappearing.

One FIR stated that Umer Yousuf, Aqeel Amir, Hasan Bilal, and Syed Abu Zar collectively paid Rs 16.268 million to the accused for the supply of solar equipment and other business transactions, which has not been returned.

Investigators revealed that Saddam Hussain, a resident of Lodhran, played a central role in the scam and carried out the fraud with the help of his friend and employee.