KARACHI: The Federal Investigation Agency (FIA) State Bank Circle raided Bahadurabad and arrested four suspects, including a woman involved in the illegal currency exchange business (Hawala Hundi)
According to the FIA, the accused include the accused Farida, Khubib Malik, Latif Malik and Muzammal. The raiding team has recovered Rs five million and 250 euros from the flat.
Authorities say the proceedings were taken on a flat on a confidential information, a warrant was received from the respective court for raids, the flat was used as collection point for illegal currency exchange business (Hawala Hundi).
The FIA said that the business in Pakistan was run by a woman named Farida, the material related to illegal currency exchange business was recovered during the search operation.
The further investigation is underway.
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