KARACHI: The Corporate Crime Circle of Karachi has carried out a significant operation leading to the arrest of a key figure in an organized hawala gang and the seizure of millions of rupees. Under the guidance of FIA Director General Ahmad Ishaq Jahangir, a targeted crackdown was launched against individuals involved in hawala and illegal currency exchange operations.
During this operation, Mubashir Ahmed, a primary suspect, was apprehended from the Falak Corporate Tower on Bolton Road. According to an FIA spokesperson, Ahmed is implicated in engaging in unlawful hawala practices.
The operation, which was based on confidential intelligence, resulted in the recovery of over 5.7 million Pakistani rupees from Ahmed. The authorities also seized records related to hawala transactions, bank deposit slips, and various registers. In addition, documents concerning telegraphic transfers were discovered.
The spokesperson noted that the suspects have not been able to provide a satisfactory explanation for the seized currency. Ahmed’s involvement in unlicensed hawala activities has led to a formal investigation, and ongoing raids are in progress to apprehend additional suspects connected to this criminal network.
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