FIA operation leads to seizure of foreign currency worth millions of rupees

By Our Correspondent
January 17, 2025
The representational image shows a teller flicking through a bundle of US dollar bills at an exchange office in Ankara on July 20, 2023. — AFP
The representational image shows a teller flicking through a bundle of US dollar bills at an exchange office in Ankara on July 20, 2023. — AFP

In a major operation, the Federal Investigation Agency’s (FIA) State Bank Circle Karachi has arrested a suspect allegedly involved in illegal currency exchange and seized foreign currency worth millions of rupees, including thousands of dollars.

According to FIA officials, the operation led to the recovery of 35,000 US dollars, 10,000 dirhams, 1,500 British pounds, 1,030 Saudi riyals, and 120,000 Pakistani rupees. 

 The arrested suspect has been identified as Haroon, who was apprehended near the KMC Housing Society. He was accused of being involved in illegal foreign currency exchange activities and could not satisfy authorities about the origin of the seized currency. 

The officials said that the operation was conducted based on confidential information, and authorities have registered a case and launched an investigation into the matter.