The Federal Investigation Agency (FIA) conducted a raid at Kharadar Gold Market and arrested a suspect involved in hawala hundi activities. According to FIA Director Nauman Siddiqui, the Commercial Banking Circle of the FIA acted on a tip-off regarding illegal currency transactions in the market.
During the raid, foreign currency worth Rs. 4.8 million was seized from a jeweler’s shop, and the suspect, Bilal Ahmed, was arrested for his involvement in unauthorized currency exchange. Nauman Siddiqui detailed that the recovered currency included USD 13,000, 7,000 UAE dirhams, 6,000 Saudi riyals, and 1,000 Canadian dollars, along with Rs. 10.2 million in Pakistani currency.
A mobile phone was also confiscated during the operation, containing evidence of hawala hundi transactions.
