Four held for illegal currency exchange

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LAHORE: The Federal Investigation Agency on Friday arrested four people for their alleged involvement in illegal currency business.

According to the FIA, the corporate crime circle raided a place in Township and arrested Adil, Fraz, Ibrahim and Shoaib for running hawala/hundi business and recovered Rs6.6 million and over $20,000 and other foreign currencies from them.

The suspects were doing the currency business without any government licence.

A case was registered against the suspects and the currency confiscated.

Meanwhile, the FIA arrested human smugglers Mahmood and Amir Bashir in the city. Both received a handsome money from the complainants to send them to Canada and Saudi Arabia on the promise of providing employment there.

Published in Dawn, March 23rd, 2024

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