Federal Investigation Agency (FIA), Corporate Crime Branch, Lahore, conducted a major operation against illegal Indian hawala activities, leading to the arrest of seven individuals involved in unauthorized currency exchange operations.
According to a spokesman for the Federal Investigation Agency, a case has been registered against a nine-member gang operating in the area. The individuals identified are Muhammad Hanif, Muhammad Irfan, Farhan Javed, Hameed Riaz Khan, Abdul Rehman, Sheheryar Ahmed, Muhammad Imran, Muhammad Farooq and Mukhtar Ali.
The suspects were arrested in the DHA area of Lahore while involved in illegal currency exchange operations. During the operation, the Financial Intelligence Agency seized a large amount of local and foreign currencies, including 11 million rupees, 708 US dollars, 2,145 UAE dirhams, 275 British pounds, 1,500 Canadian dollars, 600 Chinese yuan, 225 Qatari riyals, 314 Omani riyals, and 100 riyals. Omani. South African rand.
In addition, Indian hawala receipts, mobile phones, and other incriminating evidence were found. The detainees were detained, and investigations are still ongoing.
FIA Lahore Zonal Director Sarfraz Khan said that no leniency will be shown to those responsible for damaging the national economy. “The operation against illegal Indian hawala activities will continue,” he stressed, stressing the agency’s commitment to combating financial crimes.