Three agents involved in the Hawala and Hundi business were arrested by the Federal Investigation Agency (FIA) on Friday and dollars worth Rs420 million were recovered from them. According to the investigative agency, suspects Imran, Kamran and Rizwan were arrested in a raid conducted at the office of a private firm in Kharadar area of Karachi. FIA Sindh Director Sultan Khawaja said that the suspects had sent money abroad through Hawala and Hundi. On April 11, the FIA had arrested a man from the city’s Saddar area over his suspected involvement in transactions through illegal ‘Hawala and Hundi’ business. Identified as Muhammad Khalid, the accused worked for a private trade company.

Source: Pakistan Today April 12, 2019 15:11 UTC