FIA arrests man involved in ‘hundi’ business
- By Web Desk -
- Mar 23, 2019
KARACHI: The Federal Investigation Agency (FIA) launched a crackdown on persons involved in illegal business of Hawala and Hundi in city’s Manghopir area, ARY News reported.
The commercial banking circle of the FIA conducted the raid and arrested one suspect. The man who has been arrested was running a Hundi business on pretext of his shoe shop.
Receipts of Rs 10.25 million were also found from his possession. FIA said several cheques, including those of benami accounts transactions were also recovered from him.
Read: FIA nabs two suspects involved in ‘hawala,hundi’ business
“A machine used for Hundi and Hawala business was also confiscated during the raid.”
The FIA has registered a case against the arrested person under Foreign Exchange Regulations Act.
Last month, the Federal Investigation Agency had arrested two suspects involved in illegal business of ‘hawala, hundi’.
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.
On December 16, Prime Minister Imran Khan had ordered to launch comprehensive crackdown against ‘hawala, hundi’ business and individuals, buying properties abroad.