Staff Report
ISLAMABAD: A nationwide Federal Investigation Agency (FIA) crackdown against unauthorized money changers is underway
According to the spokesperson of FIA, FIA Chaman arrested 3 accused Abdul Hakeem, Nik Mohammad and Nazar Gul in raids. Foreign currency worth more than 15 lakh rupees has been recovered from the possession of the accused.
FIA Corporate Crime Circle Karachi arrested accused Babar Dosani from Scheme 33 Karachi. 14000 British pounds, 17000 US dollars, telegraphic transfer from a mobile phone, and lists related to hawala hundi were recovered from the possession of the accused. Cases have been registered against the accused under the Foreign Exchange Regulation Act, while the investigation of the accused is going on.
Moreover, the State Bank Circle of the Federal Investigation Agency FIA raided several offices dealing in foreign currency in Bolton Market in the Old City area of Karachi and detained several people. It was held at the Ruby Center and New Ruby Center in Bolton Market.
CBC staff searched the offices set up in 3 shops on the reference and tip-off of hawala hundi, during which they seized laptops, business receipts and documents, along with the DVRs of CCTV cameras of the shops.
During the raids, more than 10 people were detained from the three offices. FIA Corporate Crime Circle Karachi arrested the accused Babar Dosani in Scheme 33, 14000 British pounds, 17000 US dollars, telegraphic transfer from the mobile phone, and lists related hawala hundi was recovered from the possession of the accused.
Cases have been registered against the accused under the Foreign Exchange Regulation Act, while the investigation of the accused is going on. Fearing raids and action, most of the shopkeepers closed their businesses.
