The Federal Investigation Agency (FIA) has unearthed a big network of hawala, hundi in Karachi.
A case was registered against a private company involved in hawala, hundi worth more than Rs6 billion.
The nominated persons in the case include the company owner and others, according to the FIA officials.
The FIA officials said that the case was registered at the agency’s state bank circle against the company involved in hawala, hundi.
Earlier in the month, the Federal Investigation Agency (FIA) had arrested a suspect involved in the illegal business of ‘hawala, hundi’.
The arrest was made by the FIA anti-corruption circle team from Karachi’s DHA Phase-2 Extension, whereas local and foreign currency was also recovered from the custody.
“$250,000 and other foreign currency was confiscated from the custody of the accused, who had been working as a manager at the ‘hawala, hundi’ office,” said FIA Director Aamir Farooqi.
Separately, the Federal Investigation Agency, earlier in the month of September, had claimed to have nabbed at least five men in multiple raids across Karachi who the agency said were involved in money hundi/hawala business (laundering cases).
FIA’s corporate crime circle team had raided the offices of the alleged money launderers at I. I. Chundrigar Road and Clifton and arrested five men in whose custody the federal watchdog found Rs81,026,245.
The launderers were swindling the government out of millions by facilitating people to evade the legal channels of money transfer and remittances.
Using their export licenses, the arrested suspects laundered money by paying for things via hundi/hawala channels, FIA Sindh team had said.
