PESHAWAR: The Federal Investigation Agency’s anti-money laundering (AML) wing arrested two persons and recovered Rs8.9 million from their procession during raids carried out in the provincial capital on Monday.

The AML team arrested one Sanaullah during a raid and recovered an amount of Rs5 million from his procession. The accused was booked under relevant sections of the law.

A senior FIA official said that the man was involved in illegal Hundi Hawala business. He said the AML team also recovered transaction receipts from his procession.

The official also said that a similar raid was carried out by the agency’s commercial banking circle, in which one Tariq Aziz was arrested and Rs3.9 million were recovered from his procession. He said that transaction receipts used for Hundi Hawala were recovered from his procession.

On December 12, FIA had sealed four plazas in Chowk Yadgar area of the provincial capital for running illegal currency business. The markets, according to FIA officials, were being used for illegal money exchange business.

They said that the raid had been conducted following information that the plazas were occupied by people involved in Hundi business and currency smuggling.

On January 20, the agency had recovered fake Pakistani currency notes worth Rs8.3 million from a private bank in the provincial capital.

The fake currency notes were recovered during a raid following complaints from bank customers.

Published in Dawn, January 24th, 2023