FIA successful raids recover foreign currency from hawala hundi network
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The Federal Investigation Agency (FIA) has maintained its relentless pursuit of illegal hawala hundi networks in Karachi, yielding significant results during recent operations. According to a report the FIA's efforts have led to the recovery of a total of $13,000 in illicit funds, along with two vehicles, mobile phones, and benami accounts cheques.
In an official statement, the FIA spokesperson disclosed that these achievements stem from the arrest of six individuals in two distinct raids executed within Karachi. These operations were part of the ongoing crackdown against illegal hawala hundi networks in the region.
The initial raid took place in the vicinity of Karachi's Star Gate area, resulting in the apprehension of five individuals who are alleged to have been involved in running an illicit hawala hundi network and engaging in illegal currency exchange activities. Among those arrested were Khurram, Usama, Furqan Ahmed, Muhammad Afzal, and Muhammad Ali. The operation led to the seizure of $8,000 in cash, as well as the recovery of a vehicle. Additionally, the FIA team extracted incriminating messages related to hawala hundi operations from a mobile phone found at the scene.
Subsequently, a second raid was carried out by the FIA team near Mashriq Centre, resulting in the arrest of a key suspect associated with an organized network. The individual in custody was identified as Amir Majeed. During this operation, $5,000 in illegal funds and a luxury vehicle were confiscated. Notably, signed cheques from a benami foreign currency account were also discovered in Amir Majeed's possession. It was revealed that the suspect had been utilizing this foreign currency bank account for illicit purposes.
These developments underscore the FIA's unwavering commitment to dismantling illegal hawala hundi networks and curbing financial crimes within Karachi, further reinforcing their dedication to maintaining law and order in the region.
