KARACHI – The Federal Investigation Agency (FIA) State Bank Circleofficials have foiled bid to launder money up to Rs26 million during thelatest raids conducted in Saddar and I I Chundrigar Road areas of Karachion Tuesday.
According to the details, the FIA officials conducted latest raids in thetwo offices of H&H Company while five accused persons including HawalaHundi manager and its agent were arrested and lodged a case against them.
The agency thwarted major bid of money laundering during, where they seizeda huge amount of local and foreign currencies. During the raid, they seizedlocal currency up to Rs19.6 million and foreign currency worth up to 6.4million.
It is worth mentioning here that H&H Company is being investigated by aJoint Investigation Team (JIT) over alleged connection into illegaltransfer of money abroad.
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On the other hand, the National Accountability Bureau (NAB) had summonedPPP co-chairman Asif Zardari and chairman Bilawal Bhutto in the mega moneylaunderinglinkMarch 20.
