Foreign Currency

FIA arrests two members of hawala hundi gang with foreign currency

The Federal Investigation Agency (FIA) apprehended two individuals suspected of being part of an organized hawala-hundi gang in Karachi.

The FIA’s Commercial Banking Circle Karachi conducted the operation, leading to the arrest of Waqas and Talawat Khan from the Lucky Star area of Karachi.

Officials disclosed that the accused were allegedly involved in illegal currency exchange activities. Upon their arrest, authorities recovered 22,000 US dollars, 2.65 million rupees, and mobile phones from their possession.

According to officials, the accused failed to provide satisfactory explanations regarding the currency recovered from them. Furthermore, messages pertaining to hawala and hundi transactions were found on their mobile phones.

Interrogations of the detained individuals have commenced, with authorities actively pursuing leads to apprehend their accomplices.

This development follows a previous arrest made by the FIA in February, involving an individual allegedly engaged in hawala-hundi operations and the illicit trade of smuggled mobile phones in Karachi. The arrested suspect, identified as Umair Jaffer, was reportedly operating a network in collaboration with accomplices based in Dubai.

During an operation at Star City Mobile Mall, the FIA confiscated smuggled mobile phones, accessories, and foreign currency from Umair Jaffer’s possession. Additionally, records related to telegraphic transfers were recovered from the suspect.

A case has been registered against Umair Jaffer in the anti-corruption circle by the FIA.

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