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.
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.