FIA Arrests Four Suspects On Illegal Currency Exchange
Federal Investigation Agency (FIA) Commercial Banking Circle Lahore on Friday arrested four suspects allegedly involved in Hawala-Hundi and illegal currency exchange during a raid.
According to the FIA spokesperson, the arrested suspects have been identified as Farhatullah, Zabiullah, Muhammad Qasim and Adnan Khan, all residents of Landi Kotal, Khyber Agency.
The agency said the suspects were allegedly involved in operating Hawala-Hundi networks and conducting illegal currency exchange activities. During the operation, FIA officials recovered a total of Rs. 107 million (Rs.10.7 crore) in Pakistani currency from the suspects. Mobile phones and other evidence allegedly linked to Hawala-Hundi and illegal currency exchange activities were also seized.
The four suspects were taken into custody and the FIA has initiated further investigation into the case.