KARACHI: The head of a gang involved in unlawful currency exchange and Hawala Hundi operations was apprehended by the Federal Investigation Agency (FIA) State Bank Circle in Karachi.
The FIA spokesperson confirmed the arrest of Noor Muhammad, the alleged mastermind of the illegal currency exchange racket, from the Garden East Area of Karachi.
This operation targeted the leader of the gang operating in Hawala Hundi businesses within the city.
In the course of the raid, authorities seized 2600 in American USD, 650 dirhams, and Rs 3.1 million in cash.
Additionally, they confiscated two mobile phones, messages related to Hawala/Hundi transactions, and pertinent registers associated with the illicit activities from the possession of the apprehended gang leader.
The accused failed to provide satisfactory explanations regarding the confiscated currency. The FIA continues its efforts, conducting further raids to apprehend other individuals involved in the criminal network.
Earlier, the Anti-Corruption Circle of the Federal Investigation Agency (FIA) in Peshawar has reportedly apprehended two individuals, including a customs officer, over their alleged involvement in smuggling dollars from Afghanistan.
The arrests were made at the foreign currency declaration point established at the Torkham border.
The two suspects have been identified as Wajid, a customs officer, and Asfandyar. As part of the investigation, Asfandyar admitted to engaging in the daily smuggling of thousands of dollars from the Torkham border, with the assistance of customs authorities.
In the course of the operation, customs officials confiscated a total of USD 23,000 from the possession of the arrested individual. It was revealed that the accused received a commission of Rs 50,000 for each smuggling instance and this amount was reportedly handed over to customs officials.
