Tuesday, January 19, 2021

FIA foils Rs26 million money laundering bid in Metropolis

Featured

Azerbaijan to start vaccinating citizens from next Monday

The doses of the Chinese anti-corona virus vaccine will be transported first to Turkey, where they will be examined...

Adam Schiff: Donald Trump must be removed

Adam Schiff, Chairman of the Intelligence Committee in the US House of Representatives, affirmed that they continue to defend...

Indonesia proposed a budget of 1.5 billion dollars for Chinese Sinovac vaccine

Indonesia has proposed a budget of 20.9 trillion rupees ($ 1.49 billion) to buy the Coronavirus vaccine from Sinovac,...
Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

In pursuance to the directives issued by Director FIA Sindh Karachi regarding crackdown against operators of Hundi/Hawala, all the Field Units were directed to track down the culprits who are involved in the illegal business of Hundi/Hawala. Therefore, sources were deployed in whole province to gather information about these unscrupulous elements.

- Advertisement -

On credible information, a team of FIA conducted raids at Gold Market, Daudpota Road and arrested Zonaib and Sheroz, who were illegally purchasing Foreign Currency and remitting foreign currency illegally to Dubai through Khepyas.

Increment materials including TTs, Foreign Currencies, and Client Ledgers were seized from the possession of accused person. On their pagination that they used to purchase foreign currency from Fareed of Singapore Money Changer, a subsequent raid was conducted Singapore Money Changer (franchise of H & H Exchange at I.I. Chundrigar Road, Karachi) effecting in arrest of Haris (owner), Muhammad Rafique (Manager) and Muhammad Fareed (Dealer) were arrested.

FIA raiding team recovered huge quantity of following incriminating material including currency notes of Pakistani as well as foreign countries Pak Rs19.560 Million, $ 26,312 and other Foreign Currencies equivalent to Pak Rs. 2.7 Million (Approx.)

Spokesperson of FIA said that the act of Muhammad Haris, Muhammad Rafique and Muhammad Fareed is in contravention of offence punishable under Sections of FER Act, 1947, hence, a regular case FIR No. 03/2019 dated 18.03.2019 has been registered.

- Advertisement -
Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]
- Advertisement -

Latest News

Azerbaijan to start vaccinating citizens from next Monday

The doses of the Chinese anti-corona virus vaccine will be transported first to Turkey, where they will be examined...

As You Likee: Express more, Create more with Likee’s In-App Features

The online short videos platform is rapidly becoming the content production application of choice for hundreds of thousands of Pakistanis to showcase their creativity,...

Adam Schiff: Donald Trump must be removed

Adam Schiff, Chairman of the Intelligence Committee in the US House of Representatives, affirmed that they continue to defend the democracy of the United...

Indonesia proposed a budget of 1.5 billion dollars for Chinese Sinovac vaccine

Indonesia has proposed a budget of 20.9 trillion rupees ($ 1.49 billion) to buy the Coronavirus vaccine from Sinovac, the Indonesian health minister said...

IFN declares SBP as top central bank for promoting Islamic finance

State Bank of Pakistan (SBP) has been voted as the Best Central Bank in promoting Islamic finance for the fourth time by a poll...

Related News