FIA cracks down against Hundi-Hawala business in Lahore, seizes Rs 26 crores

FIA cracks down against Hundi-Hawala business in Lahore, seizes Rs 26 crores
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LAHORE: Federal Investigation Agency (FIA) detained six suspects for hundi business in Lahore and confiscated foreign currency worth Rs26 crore from their possession.

A team under the supervision of Deputy Director Jamil Ahmed Khan Mayo held a raid at Pracha currency exchange in Anarkali and apprehended the suspects along with 1.3 million Saudi riyal, 1 million Irani currency, 1.60 lac Norway krone, 1 million Japanese yen, Malaysian ringgit, Swiss francs, US and Canadian dollar and Rs 14 crore Pakistani currency.

According to FIA , hundi and hawala business was running under the guise of money exchanger. 

Sources told acting on the directives of Interior Ministry, FIA has arrested a number of people involved in hundi and hawala business.

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