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Saturday June 22, 2024

FIA arrests money laundering suspect

By Our Correspondent
May 29, 2024
This representational image shows the hands of an incarcerated person. — AFP/File
This representational image shows the hands of an incarcerated person. — AFP/File

The Federal Investigation Agency (FIA) arrested a man allegedly involved in the hawala and hundi business on Tuesday.

The suspect was arrested during a raid conducted by the Anti-Corruption Circle on a tip-off in the Saddar area. A large amount of currency was also seized. FIA officials said the arrest was part of a series of crackdowns launched against those involved in the illegal currency exchange business.

The suspect, identified as Irfan, was accused of being a member of an organised gang involved in hawala and hundi activities. During the raid, over one million Pakistani rupees were recovered from him. Officials also seized records, registers, receipts, and a mobile phone related to the hawala and hundi business.