FIA arrests four men for hawala, hundi business, $105,000 seized

FIA arrests four men for hawala, hundi business, $105,000 seized

KARACHI: Federal Investigation Agency (FIA) claimed to have arrested four men for their alleged involvement in hawala and hundi business and other illegal activities in Karachi in different raids, ARY News reported on Sunday.

A spokesperson for the agency said the FIA commercial bank circle conducted raids in different areas of the port city and four people.

The statement further said $105,000 were recovered from the arrested people, while cases have been registered against them.

Also Read: Hawala, Hundi network busted, Rs5bn transactions detected

Earlier, on Jan 3, the Federal Investigation Agency (FIA) busted a network of people involved in the illegal hawala and hundi business.

The FIA spokesperson, seven members of the network involved in illegal money trade in Karachi, Lahore and Quetta have been apprehended. He revealed that a whopping Rs4.96 billion worth of transactions were carried out through four bank accounts owned by Waris Khan, the owner of a private firm.


#FIA #arrests #men #hawala #hundi #business #seized

Leave a Reply

Your email address will not be published. Required fields are marked *