KARACHI: The Federal Investigation Agency (FIA) has arrested three men allegedly involved in hundi/hawala (illegal money transfer) during raids in different parts of the port city, ARY News reported.
According to FIA officials, the agency’s anti-corruption circle carried out a raid in Bahadurabad area and arrested two suspects involved in illegal currency transfer business.
Separately, the FIA corporate crime circle conducted a raid in Sultanabad neighbourhood which led to the arrest of a suspect, identified as Samiullah. He was also involved in the hundi/hawala business.
Equipment used for illegal transfer of money was seized from his possession.
Read More: FIA seals three currency exchanges in Gujranwala
Earlier this week, the FIA had arrested four people involved in money laundering and illegal currency business in Punjab.
According to FIA officials, a raid was conducted at M/s Lucky Exchange House Al-Sahara Money Exchange Company (pvt) Limited. The firm was involved in money exchange business beyond its authorised capital and had no record of transactions. Besides, it was also doing illegal telegraphic transfers (TT) of currency.
Two employees were arrested and currency, PKR 27,65,000, Euro 3,500, UK Pounds 1275, SAR 4,004, CAD 500 and AED 520, was recovered from their possession.
