GUJRANWALA: In continuation of crackdown on illegal transactions, the federal Investigation Agency on Friday raided offices of different currency exchanges and arrested their owners, ARY News reported.
During the raids, FIA sealed three currency exchanges and arrested the owners.
According to FIA, the raiding team recovered $21,000, foreign currency worth Rs 9.4 million and Pakistani currency worth Rs 3.9 million.
The FIA said the suspects were involved in the illegal business of hawala and hundi for some months.
Read: FIA arrests three Hawala agents, recovers dollars worth Rs420mn
Earlier in the day, the FIA team had arrested three suspects allegedly involved in Hawala and Hundi business and recovered dollars worth Rs420 million in Karachi. The dollars were recovered during a raid at a private firm in Kharadar area of the city.
The captured suspects include Imran, Kamran and Rizwan, said the FIA officials.
Director FIA Sindh Sultan Khawaja said money was sent abroad through Hawala and Hundi.
“A case has been lodged under Section 33 and 489 against the suspects,” he said.
On April 11, the FIA had arrested a man from city’s Saddar area over his suspected involvement in transactions through illegal ‘Hawala and Hundi’ business. Identified as Muhammad Khalid, the accused worked for a private trade company. The FIA had raided his office in Saddar’s Kohinoor market and found Rs 4 million cash.
