FIA arrests man on illegal money exchange charges

The Federal Investigation Agency’s (FIAK) Corporate Crime Circle Karachi led a crackdown against elements involved in the hawala and hundi business, recovered millions of rupees and arrested a suspect.

Officials said on Thursday that on directions of Director FIA Karachi Zone Zaim Iqbal Sheikh, a crackdown was underway against such elements. They said a team conducted a raid under the supervision of the CCC deputy director in the Jodia Bazaar area and arrested a man, Saeed Ahmed Sheikh, who was allegedly involved in illegal currency exchange and had no a licence.

During the raid, the team seized Rs2.9 million and records related to telegraphic transfers. The suspect could not satisfy the authorities regarding the recovered currency. Separately, FIA immigration staff at the Karachi airport arrested a suspect on arrival in Pakistan. He was wanted in several serious criminal cases by the KP police. He was booked under sections of murder and attempt to murder.

A case was also registered against Ejaz Mulla at the Naurang police station, Lucky Marwat. He had reached Pakistan from Saudi Arabia by flight number XY313. His name was included in the stop list. He was later handed over to the relevant police authorities.