Karachi - FIA has busted a gang involved in a fraud worth millions of dollars, well-placed sources confided to The Nation here on Monday. Members of the alleged gang looted millions of dollars from different firms after establishing a fake company, Risqu_ Mackmer, in Singapore and had recently returned to Pakistan. Sahbaz Khan, an official of the FIA crime circle, told that two directors of the said company had been arrested from Karachi and investigation were underway while their accomplices will also be nabbed soon. He added that an FIA team had gone to Islamabad to arrest the other culprits while a few of the accounts of the arrested directors had also been frozen. He pointed out that the said group had looted several foreign companies of some 21 countries and the estimated fraud would be worth billion of dollars. He added the accused used to get advance money from various companies to provide machinery but later retuned to Pakistan without delivering the goods. Source pointed out that arrested culprits included accused Amjad Ali and his son Amir Hayat. FIA officials traced accused Amjad Ali through a CNIC card number on the complaint from a victim. The crime circle officer further said that accused had been extorting huge money from various European, American and Middle Eastern companies for long period of time.