KARACHI / HYDERABAD – The Federal Investigation Agency (FIA) has intensified its crackdown on illegal hawala-hundi and unauthorized currency exchange operations across Sindh.
Acting on the directives of the FIA Director General, the Corporate Crime and Commercial Banking Circle Karachi arrested two suspects, identified as Iqbal and Salman, from Nikal Road and PECHS. Officials recovered Rs8.8 million in cash, along with USD 2,155, AED 5,835, Saudi Riyals, various prize bonds, and mobile phones. According to the FIA spokesperson, the suspects failed to provide satisfactory justification for the seized currency, and investigations have been launched to trace their accomplices.
In a separate operation, the FIA Composite Circle Larkana arrested two more suspects, Ahsan Ali and Nadeem, from Qambar City, recovering Rs225,000 in cash, five mobile phones, and other evidence linked to hawala-hundi transactions. Both suspects were unable to justify the seized money. Raids are underway to apprehend other members of the network.
