By Moin Ullah Shah
KARACHI: The Federal Investigation Agency (FIA) has arrested two individuals involved in an illegal Hawala and money transfer operation during separate raids across Karachi.
According to an FIA spokesperson, the Corporate Crime Circle is conducting a targeted crackdown on dealers involved in unlawful Hawala and foreign currency dealings.
The raids in Ancholi and Samanabad led to the arrest of suspects Mudassir and Sajjad Ali, who were reportedly running illegal networks for Hawala, remittances, and foreign currency trading.
Authorities recovered PKR 2.835 million and USD 10,000 from the suspects. During a subsequent search at Mudassir’s residence, the FIA seized an additional PKR 3.5 million, SAR 18,000, and GBP 5,000.
A case has been registered against the suspects, and legal proceedings are underway, the spokesperson added.
