PESHAWAR: Federal Investigation Agency’s commercial banking circle on Wednesday arrested four persons allegedly for running an illegal currency exchange and hundi-hawala business, officials said.
They said local and international currency was also recovered in the raid.
FIA officials told Dawn that the agency had received intelligence about the illegal activities. They said raids was conducted in Swat and Timergara areas of Malakand Division where four accused persons including Naimatullah, Zeeshan, Abdul Rehman and Wajidullah, all residents of district Dir Lower, were arrested.
“The raiding team recovered Rs2.16 million and 1,850 Saudi riyals besides record regarding the illegal currency exchange,” an FIA official said, adding that the accused persons were taken into custody after they failed to justify the amount in their custody.
The official also stated that cases were registered under the relevant sections of the law and the accused persons were being interrogated.
Published in Dawn, December 7th, 2023
