FIA recovers Rs19mn in crackdown on Hawala, Hundi

QUETTA: In a crackdown against Hawala and Hundi, the Federal Investigation Agency (FIA) on Wednesday arrested two suspects and recovered more than 19 million rupees ill-gotten money, ARY News reported.

FIA Balochistan Director Altaf Hussain said the recovered money included more than Rs9 million foreign currencies, including 58,000 US dollars. The foreign currencies belonged to 15 different countries including Afghanistan, China, Australia and the United States, he said.

“The currencies also included 34,000 Saudi Arabian Riyals and 41,000 UAE Dirhams,” he said.

He said the exchange company held the B-category license. He said the raid was carried out for possession of currencies in more than the allowed quantity.

The FIA director said the company owner Haji Shah Wali and director Habibullah were arrested.

Read More: FIA arrests three Hawala agents, recovers dollars worth Rs420mn

“During initial investigation, evidence of transactions through several bank accounts and Hundi were found,” he said.

On April 12, the FIA had arrested three suspects allegedly involved in Hawala and Hundi business and recovered dollars worth Rs420 million.

The dollars were recovered during a raid at a private firm in Kharadar area of Karachi.

The captured suspects include Imran, Kamran and Rizwan, said the FIA officials.

Director FIA Sindh Sultan Khawaja had said money was sent abroad through Hawala and Hundi.