FIA launched nationwide crackdown against Bank Managers
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A nationwide crackdown targeting bank managers involved in the Hawala and Hundi businesses has been initiated by the authorities, as reported by ARY News on a Sunday. This operation has resulted in the booking of eight bank managers across various regions in the country, with cases registered in Islamabad, Karachi, Lahore, and Faisalabad.
In a significant development, Zeeshan Shaukat, a bank manager in Faisalabad, was apprehended as part of this initiative. During the investigation, authorities discovered stamps belonging to 12 different companies in Zeeshan Shaukat's possession, suggesting a complex network of illegal financial transactions.
Furthermore, investigators have stumbled upon records of transactions amounting to crores of rupees related to Hawala and Hundi activities stored on mobile phones. These revelations underscore the scale and reach of these illicit financial operations. Additionally, the authorities have managed to unearth detailed information pertaining to the bank accounts of various other bank managers implicated in this illegal trade.
To ensure the effectiveness of this operation, the Director General of the Federal Investigation Agency (FIA) has issued orders for a comprehensive examination of the offices of all exchange companies. This proactive approach is aimed at dismantling the intricate web of Hawala and Hundi businesses, which pose a significant threat to the financial integrity of the nation.
The crackdown on bank managers involved in these activities signifies a determined effort by the authorities to combat illegal financial practices and protect the country's financial system from such illicit activities.
