FIA arrests three suspects for illegal money transfer

Personnel from the Federal Investigation Agency's (FIA) Commercial Banking Circle (CBC) claimed on Monday to have arrested three suspects in connection with a Hawala Hundi crime.

A spokesperson for the FIA Sindh stated that the organised gang involved in Hawala Hundi activities was dismantled by the FIA's Commercial Banking Circle in Karachi, which launched a significant operation against the group. Zaim Iqbal Sheikh, the director of FIA's Karachi Zone, directed a crackdown on individuals involved in Hawala Hundi. The raid was conducted under the supervision of the Deputy Director of the Commercial Banking Circle in Karachi, resulting in the apprehension of three suspects from the Gulshan-e-Iqbal area of Karachi.

The suspects were identified as Munawar Hussain, Muhammad Zubair, and Muhammad Asif. They were allegedly engaged in the illegal exchange of Hawala Hundi and currency. Additionally, authorities seized $900, 17 lakh 30 thousand rupees, and mobile phones believed to had been used in the commission of the crime. The suspects failed to provide satisfactory explanations regarding the recovered currency.

Furthermore, incriminating messages related to Hawala Hundi were discovered on the suspects' mobile phones. The arrested individuals were currently under investigation, with raids ongoing to apprehend other suspects involved in the criminal network.