The Federal Investigation Agency (FIA) has arrested eight persons over their alleged involvement in the smuggling of foreign currencies worth millions of rupees, a news outlet reported on Monday.
According to the report, the FIA personnel raided a money exchange company in Karachi’s Saddar area and busted the gang involved in illegal business of ‘hawala and hundi’.
The FIA team also seized local and foreign currency from the possession of suspects, besides mobile phones, laptops and other documents.
The arrested suspects include Company Director Mohammad Yaseen, Manager Mohammad Adnan, Mohammad Meraj, Osama, Junior Officer Fahad Lamada, Mohammad Athar Mehboob and cash carriers Saifuddin and Sanaullah.
The accused were running illegal hundi businesses under the guise of the company and were providing US dollars to people of Balochistan illegally without any receipts and entries, a FIA official was quoted as saying in the report.