LAHORE: The FIA authorities arrested Shaikh Mohammad Osman who was running illegal currency exchange. The raid was conducted under the supervision of Javid Shah, additional director FIA CCC, Abdul Qayyum inspector, while ASI Ijaz, Contables Shafqat and Ishfaq also took part in the raid.
According to details Shaikh Osman was running a business of prize bond dealers at Al-Madina Road, Township, during raid FIA authorities also recovered Rs 160,850, including foreign currency involving US dollars 100, Saudi riyal 623, UAE dirham 280, and prize bonds.
The raiding team also seized registers/receipts of currency deals. FIA has registered a case of money laundering against Mohammad Osman and started investigation.
