FIA nabs two suspects involved in ‘hawala,hundi’ business
- By Web Desk -
- Feb 08, 2019
FAISALABAD: The Federal Investigation Agency (FIA) on Friday arrested two suspects involved in illegal business of ‘hawala, hundi’, ARY News reported.
The arrests were made by the FIA team from Sargodha’s ameen market, whereas local and foreign currency was also recovered from their custody.
“Rs. 9, 93000, 16,000 Saudi Riyals, 2,350 Euros, 600 Dinars, $ 1,200 and receipts, showing illegal transactions of millions of rupees were also confiscated from the custody of the arrested suspects,” the spokesperson of the FIA said.
A case under anti-money laundering act was registered against both the suspects, who were identified as Yousif and Salman.
Read more: Hawala merchant confesses illegal transactions worth Rs.960mn
In another separate action of the FIA against ‘hawala,hundi’ business, a suspect Muzamil Shahzad was taken into custody for doing illegal money transactions in Lahore.
The suspect Muzamil Shahzad was arrested by FIA corporate crime circle team, on a tip-off, in a raid conducted at the office of Ramzan Sewing Machine Traders, Lahore, and recovered a big amount of national and foreign currency was recovered from him.
On December 16, Prime Minister Imran Khan had ordered to launch comprehensive crackdown against ‘hawala, hundi’ business and individuals, buying properties abroad.
FIA was directed to keep its offices open for 24 hours in Karachi while teams were also formed for action against bitcoin and sell of illegal cards of foreign tv channels.