The Federal Investigation Agency (FIA) commercial banking circle in Karachi launched a big operation on Monday and detained a three-member group involved in the illicit Hawala Hundi industry.
The FIA spokeswoman added that the search was conducted out under the supervision of the Deputy Director Commercial Banking Circle in Karachi’s Gulshan-e-Iqbal district, where a three-member gang engaging in illicit money exchange activity was apprehended.
During the raid, FIA authorities recovered a considerable quantity of cash, including $900 and Rs 1,730,000, as well as mobile phones from the accused, Munawar Hussain, Muhammad Zubair, and Muhammad Asif.
The apprehended accused failed to satisfy the authorities on the cash recovered from their hands, resulting in their arrest by the FIA.
Meanwhile, officials discovered Hawala Handi transaction-related communications on the apprehended accused’s cell phones.
However, FIA officials are undertaking operations to apprehend additional people engaged in this horrible crime.
Maria Ghanchi