LAHORE: The Federal Investigation Agency (FIA) has arrested an accused involved in illegal business of hundi and recovered a huge amount of money from his possession.
According to a spokesman, FIA Lahore team consisting of SI Abdul Qayyum, SI Khizar Hashmi , SI Sajid Ismail, ASI Rana Ijaz and constables Ishfaq, Shafqat and Hassan conducted a raid at Qazi Traders Akbari Mandi Lahore where the accused namely Kazim Ali Qazi was found involved in the illegal business of hundi. Upon search, Rs 4,250, Rs 249,670 (Indian), 500 euros, $300 (Canadian), $110 (US), 100 yuan , 1,500 Saudi riyal, 9,030 Sri Lankan rupiah , 6,000 Korean won, 40 bhat, 130 UAE dirham and travelers check amounting to Rs 20,000 were recovered. The FIA team also recovered cheque books, receipts, registers regarding hundi, deposits slips of different banks, visiting cards and other helping material.
FIR No 26/15 dated 26. 2. 2015 u/s: 4, 8, 23 FER Act 1947, 3/4 Anti-money Laundering Act 2010 has been registered against the accused, and he was arrested on the spot.
