hawala/ hundi – BOL News Staging

FIA arrests accused involved in illegal currency business

January 22, 2025January 22, 2025 by Abid Khan

KARACHI: The Federal Investigation Agency (FIA) on Wednesday conducted a raid Kharadar Gold Market and arrested the accused involved in the illegal currency business (Hawala Hundi).

According to Director FIA Nauman Siddiqui, the FIA Commercial Banking Circle took action in the Kharadar Gold Market on the tip-off of the illegal currency exchange (Hawala Hundi).

According to Nauman Siddiqui, during the operation, foreign currency worth Rs. 4.8 million was recovered from the jeweler’s shop, while the accused Bilal Ahmed, who was involved in buying and selling of foreign currencies, and was arrested.

Director FIA said that $13,000, 7,000 dirhams, 6,000 Riyals and 1,000 Canadian dollars were included in the foreign currency recovered while more than 10 million Pakistani currency was also found.

According to Nauman Siddiqui, a mobile phone was also recovered during the operation and the evidence of the illegal currency exchange was found.

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FIA arrests accused involved illegal currency exchange

November 15, 2024November 15, 2024 by Abid Khan

KARACHI: The Federal Investigation Agency (FIA) has arrested an accused involved in the Hawala Hundi (illegal currency exchange) and recovered more than 15.9 million.

According to Director FIA Nauman Siddiqui, FIA Cooperative Crime Circle raided two flats in Soldier Bazar in connection with an inquiry registered in Karachi from where accused Shahzad Mohammad Shakir was arrested.

According to the FIA officials, the Hawala Hundi register, mobile phone and other related records and evidence were seized from the possession of the accused.

During the operation, an amount of Rs. 15.9 millions also seized, a case has been registered against the accused in the Cooperative Crime Circle.

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FIA arrests five suspects for illegal currency exchange

November 7, 2024November 7, 2024 by Abid Khan

KARACHI: The Federal Investigation Agency (FIA) arrested five suspects while taking action against the people involved in the Hawala Hundi(illegal currency exchange business).

During three separate raids conducted in different areas of Karachi, FIA teams arrested five suspects and seized currency, prize bonds cheque , computers and mobile phones worth more than 25 million.

According to Director FIA Karachi Noman Siddiqui, Corporate Crime Circle personnel raided a building on Shaheed e Millat Road and arrested travel agency owner Asif Ashraf and referral dealer Shayan Wahid. Cash, mobile phone laptop and Hawala Hundi records and other items were recovered.

The raids were also conducted in Garden West and Sharafabad, from where 117 signed cheques, prize bonds worth Rs 61,000 and cash of Rs 4.7 million, besides two laptops, two computers and seven mobile phones, registered to the Hawala Hundi were confiscated. .

According to Director FIA, in another operation, the accused named Muhammad Owais, Aqeel Sameer, Javed were arrested who were found involved in running the setup of the Hawala Hundi.

FIA officials said that the accused were settling business payments through a third party and operating through a benami (without name) company.

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FIA arrests two suspects involved in hawala hundi

February 24, 2024 by Abid Khan

PESHAWAR: The Federal Investigation Agency (FIA) has arrested two suspects involved in the hawala hundi from Sarafa market and recovered 9 gold bars.

The Federal Investigation Agency (FIA) took action and arrested two suspects involved in the hawala hundi and recovered the gold bricks.

FIA officials said that the accused were arrested from Sarafa market and nine gold bricks worth 6520,000 Pakistani rupees were recovered from the accused.

The FIA said that the total value of the recovered gold is more than 20 million, while hawala hundi, foreign currency records were also recovered from the accused.

According to the FIA spokesperson, a case has been registered against the accused and raids are being conducted to arrest other accused.

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FIA Gujranwala arrest eight illegal currency exchange dealers of international gang

November 21, 2023 by Mohammad Wasay

The Federal Investigation Agency (FIA) on Tuesday arrested eight involved in hawala-hundi and illegal currency exchange associated with an international gang from Gujranwala. During the operation in Model Town, the authorities recovered a substantial amount of 6o million Pakistani Rupees and a significant quantity of foreign currency from the possession of the arrested individuals. The … Read more

FIA arrests suspects involved in illegal currency exchange business

November 9, 2023 by Abid Khan

The raid was taken by FIA against illegal currency exchange.
The arrested accused were involved in Hawala Hundi business.
The raids are being conducted to arrest other accused.

KARACHI: Federal Investigation Agency (FIA) Banking Circle Karachi arrested three suspects involved in illegal currency exchange and recovered domestic and foreign currency worth of millions of rupees during the crackdown against Hawala Hundi.

Action taken by FIA against illegal currency exchange in Jamshed town.

According to FIA officials, the arrested accused were involved in the illegal exchange of currency and Hawala Hundi. The arrested suspects were doing foreign currency exchange business without a licence, the arrested suspects include Muhammad Asif, Hafiz Faheem, and Imran Admani.

One crore Iranian riyals, 8,946 Saudi riyals, 1,280 UAE dirhams, Omani riyals, Canadian dollars, and more than Rs 700,000 were also recovered from the accused.

Hawala Hundi reference messages and registers were also recovered from the mobile phones of the accused. The accused could not satisfy the authorities regarding the recovered currency. The accused were arrested, and an investigation was started.

The raids are being conducted to arrest other accused.

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FIA Peshawar nabs six involved in hawala-hundi, sale of substandard medicines

November 7, 2023November 7, 2023 by Mohammad Wasay

FIA Peshawar Zone on Tuesday arrested six suspects involved in hawala-hundi, the sale of counterfeit medicines, and fake currencies. The crackdown was carried out by Anti-Corruption Peshawar, Composite Circle Abbottabad, and Mardan, all under the jurisdiction of the FIA. Significant amounts of currency worth millions of rupees have been recovered from the accused individuals. The … Read more

FIA commercial baking circle Peshawar arrest three involved in hawala-hundi

November 4, 2023 by Mohammad Wasay

The Federal Investigation Agency (FIA) Commercial Baking Circle of Peshawar arrested three suspects involved in hawala-hundi and illegal exchange of currency from Mardan and Kohat on Saturday. During the raid, substantial sums of money worth over 0.2 million rupees were recovered from the accused. The arrested individuals were found to be running money exchange businesses … Read more

FIA arrests accused for running illegal currency exchange company

September 15, 2023 by Abid Khan

A team of FIA Commercial Banking Circle Karachi took action.
FIA arrested accused Sameer involved in Hawala Hundi business.
During the raid, $70,000 were recovered from the accused.

KARACHI: The Federal Investigation Agency (FIA) has arrested the accused of running a Hawala Hundi and illegal exchange company and recovered $70,000.

According to FIA spokesperson, the team of Deputy Director Rabia Qureshi of FIA Commercial Banking Circle Karachi took action.

FIA arrested an accused Sameer involved in Hawala Hundi and illegal currency exchange business. He was doing the business without a license.

The accused was arrested from the Delhi Colony area of Karachi in a raid. During the raid, $70,000 were recovered from the accused.

FIA spokesman said several receipts and messages related to Hawala Hundi reference have been recovered from the mobile phone of the accused, while a case has been registered against the accused and an investigation has been started.

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FIA arrests Afghani, five others involved in Hawala Hundi in KP

September 12, 2023 by Muhammad Zahid

PESHAWAR: In its ongoing crackdown on people involved in ‘Hawala Hundi’ and illegal foreign exchange, the Federal Investigation Agency (FIA) has arrested six accused including an Afghan national from various districts of Khyber Pakhtunkhwa. According to the FIA Spokesman, the actions were taken on intelligence-based information in the Bannu, Dera Ismail Khan, and Abbottabad districts … Read more

CTD arrested Daesh commander in Karachi

February 8, 2023 by Abid Khan

The arrest was made from Korangi area of Karachi.
The Daesh commander has been identified as Abdul Malik.
Accused is an Afghan national, who is residing in Karachi.

KARACHI: The Counter-Terrorism Department (CTD) of Sindh on Wednesday arrested a terrorist affiliated with banned organization during a raid in Karachi.

The arrest was made from Korangi Industrial Area. The Daesh commander has been identified as Abdul Malik.

CTD officials said a pistol along with rounds was seized from their possession. The initial investigation of CTD revealed that Abdul Malik is associated with Daesh’s Mula Abdul Manan group since 2011.

The arrested is an Afghan national, who is residing in Karachi for a long time. CTD officials further said that the arrested used to collect donations in Ramzan ul Mubarak and was sending them to Daesh in Afghanistan.

Apart from this, the accused also works as a Hawala Hundi. The accused has so far sent million of rupees to Afghanistan through the transfer Hundi.

Further investigation is underway.

Earlier, Police arried out raid on a tip-off, provided by an intelligence agency, in Shah Latif Town area of Karachi and arrested two alleged terrorists.

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FIA, ASF held four including a woman for hawala hundi, money laundering

January 29, 2022 by Mussab Iqbal

Federal Investigation Agency (FIA) Peshawar on Saturday arrested two suspects for their alleged involvement in hawala hundi while Airport Security Force (ASF) also booked two suspects, including a woman, at Karachi airport for an alleged money-laundering attempt. According to FIA Deputy Director Khawaja Hammad, a team apprehended a suspect involved in illegal currency exchange at … Read more

FIA arrests three in Peshawar for involvement in illegal currency exchange, hawala hundi

January 25, 2022 by Mussab Iqbal

LAHORE: Continuing its crackdown, the Corporate Banking Circle (CBC) of Federal Investigation Agency (FIA) Peshawar has conducted three separate raids and arrested three suspects for their alleged involvement in illegal currency exchange and hawala hundi. Read more: Money laundering, Hawala Hundi business: FIA arrests 37 accused, recovers Rs50m in December The suspects include Zakeriya, Haji … Read more

FIA arrests six suspects involved in hawala hundi from Khanpur

December 20, 2021 by Baseer Ahmed

KHANPUR: The Federal Investigation Agency (FIA) Bahawalpur carried out a raid in Khanpur and arrested six suspects allegedly involved in illegal money exchange, hundi and hawala, Bol news channel reported on Monday. The FIA sources said the suspects were arrested from bus stands of Khanpur and Nawazabad. The suspects have been identified as Sajjad Ahmed, … Read more

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