Karachi: 2 held against illegal transfer of foreign currency
KARACHI: The Federal Investigation Agency (FIA) raided a bank’s branch on Thursday, arresting two officials of a private money exchange company along with Rs 2 billion after the federal government ordered crackdown against illegal transfer of foreign currency also known as Hundi and Hawala. An official of the FIA Crime Circle said that their team raided a private bank’s branch at II Chundrigar Road when two accused Umar and Haroon were making a transaction.
The team arrested them and seized around Rs 2 billion belonging to different parties, he said, adding that the company owner Rauf’s son Amjad fled from the scene. The arrested men were moved to FIA Crime Circle for interrogation. The official further informed that the owner of the company was in London these days for medical treatment whereas his son was looking after the business.