Nauman Siddiqui

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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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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