A nationwide crackdown targeting bank managers involved in the Hawala andHundi businesses has been initiated by the authorities, as reported by ARYNews on a Sunday. This operation has resulted in the booking of eight bankmanagers across various regions in the country, with cases registered inIslamabad, Karachi, Lahore, and Faisalabad.
In a significant development, Zeeshan Shaukat, a bank manager inFaisalabad, was apprehended as part of this initiative. During theinvestigation, authorities discovered stamps belonging to 12 differentcompanies in Zeeshan Shaukat’s possession, suggesting a complex network ofillegal financial transactions.
Furthermore, investigators have stumbled upon records of transactionsamounting to crores of rupees related to Hawala and Hundi activities storedon mobile phones. These revelations underscore the scale and reach of theseillicit financial operations. Additionally, the authorities have managed tounearth detailed information pertaining to the bank accounts of variousother bank managers implicated in this illegal trade.
To ensure the effectiveness of this operation, the Director General of theFederal Investigation Agency (FIA) has issued orders for a comprehensiveexamination of the offices of all exchange companies. This proactiveapproach is aimed at dismantling the intricate web of Hawala and Hundibusinesses, which pose a significant threat to the financial integrity ofthe nation.
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The crackdown on bank managers involved in these activities signifies adetermined effort by the authorities to combat illegal financial practicesand protect the country’s financial system from such illicit activities.
