KARACHI: Targeting hawala-hundi operators, the Federal Investigation Agency (FIA) carried out three early-morning raids in Karachi on Thursday in a major action against illicit money transactions.
In addition to prize bonds, checks, computers, and cell phones, the CBI reported that Rs25 million in cash was seized as a result of the raids.
Five people were detained in relation to the illicit financial transfers, it further stated.
The FIA’s Corporate Crime Circle was in charge of the operations, according to FIA Karachi Director Nauman Siddiqui. In the initial raid, authorities arrested Shayan Wahid, a hawala trader, and Asif Ashraf, the owner of a travel agency, at a building on Shahrah-e-Millat.
On November 7, 2024, two of the suspects detained by the FIA during raids were pictured with a security guard. —Writer
