FIA Seizes Rs2.89b in Foreign Currency in Karachi Hawala Crackdown

FIA seizes Rs2.89b in foreign currency in Karachi hawala crackdown

The Federal Investigation Agency (FIA) on Sunday seized foreign currency worth approximately Rs2.89billion during an operation against illegal hawala and hundi networks in the city, officials said. The raid comes as part of a nationwide crackdown against money laundering and hawala/hundi networks operating across the country, announced on Tuesday, approved, with authorities reiterating that the “business of hawala/hundi would not be tolerated un…

FIA seizes billions in Karachi hawala raid

KARACHI: The Federal Investigation Agency (FIA) seized foreign currency worth nearly Rs2.89 billion during an operation against illegal hawala and hundi networks in Karachi on Sunday. Officials confirmed the raid formed part of a nationwide crackdown on money laundering and informal money transfer systems. Authorities announced the campaign earlier in the week, stressing that hawala and hundi operations would not be tolerated. A joint working gr…