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FIA arrests Kharian man for illegal currency exchange business

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Web Desk
Web Desk
News Stories Posted by ARY News Digital Team

KHARIAN: The Federal Investigation Agency (FIA) claimed on Wednesday to have recovered foreign and local currency worth more than Rs7 million and arrested a suspect allegedly involved in illegal Hawala and Hundi business, ARY News reported.

According to FIA officials, a raid was conducted at a foreign currency exchange outlet in Kharian. One suspect was arrested and slips for Hawala and Hundi were recovered from his possession.

They said FIA teams have been constituted to arrest other people involved in the business.

Earlier, on March 19, FIA officials had claimed to have foiled a major bid of money laundering during their latest action carried out in Karachi, where they seized a huge amount of local and foreign currencies.

Read More: FIA thwarts Rs26 mln money laundering bid in Karachi

FIA State Bank Circle officials thwarted bid to launder money up to Rs26 million during the latest raids conducted in Saddar and I. I. Chundrigar Road areas of the metropolis.

According to reports, local currency up to Rs19.6 million and foreign currency worth up to 6.4 million was seized by the agency.  The raids were conducted at offices of H&H Company while five accused persons including Hawala Hundi manager and its agent were arrested.

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