- DG FIA Mohsin Hasan Butt issued the order for a crackdown.
- 303 raids were conducted this year.
- The FIA has recovered a large amount of money so far.
ISLAMABAD: A nationwide crackdown against elements involved in illegal currency exchange and hawala hundi was launched under the direction of Director General FIA Mohsin Hasan Butt.
This year, 303 raids were conducted against elements involved in the illegal exchange of currency. However, 416 suspects involved in the illegal exchange of currency were arrested, and 289 cases and 49 inquiries have been registered against the involved accused.
Consequentially, during the raids, several shops and offices used by the accused were sealed. Furthermore, the arrested accused recovered a total of 3 billion 540 million rupees in domestic and foreign currency.
The recovered currency includes 3 billion 160 million Pakistani rupees, more than Rs 500,000 in US dollars and 230 million worth of other foreign currencies. Many of the arrested accused were involved in the illegal exchange of currency under the guise of various businesses.
Ultimately, the FIA has compiled the data of agents involved in the illegal exchange of handi references and currency against whom intelligence-based operations have been initiated.
More than that, agents’ bank records, travel records, and data about relatives have also been collected. There has also been a crackdown on overseas handicrafts and illegal currency exchange dealers.
Further, on the instructions of the Director General of the FIA, intelligence-based operations are underway against the accused involved in illegal currency exchange.
The agency said all resources are being used to arrest the accused. Law enforcement agencies are also being assisted in raiding operations.
