KARACHI: Focusing on hawala-hundi operators, the Federal Investigation Company (FIA) carried out three raids throughout wee hours in Karachi in a major transfer in opposition to illicit cash transactions.
Along with prize bonds, cheques, computer systems and cell telephones, the FIA mentioned that Rs25 million in money have been additionally seized throughout the raids.
5 individuals have been apprehended for involvement within the illicit monetary transfers, the company additional acknowledged.
In accordance with FIA Karachi Director Nauman Siddiqui, the FIA’s Company Crime Circle led the operations. The primary raid befell at a constructing on Shahrah-e-Millat, the place officers apprehended Asif Ashraf, a journey company proprietor, and hawala vendor Shayan Wahid.
Authorities recovered Rs22.5 million in money, cellphones, laptops, and paperwork detailing hawala-hundi transactions from the suspects.
Two further raids, executed underneath courtroom orders, befell in Backyard West and Sharfabad areas.
Right here, the FIA seized 117 signed cheques, prize bonds price Rs61,000, and Rs4.7 million in money. Two laptops, two computer systems, seven cellphones, and different information associated to hawala-hundi have been additionally confiscated.
Additional investigations revealed that suspects Muhammad Owais, Aqeel Sameer, and Javed have been managing a hawala setup, transferring funds and making funds by means of a benami (undisclosed) firm utilizing third-party accounts.