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