LAHORE: The Federal Investigation Agency (FIA) has arrested four suspects from Lahore who were involved in money laundering.
According to FIA spokesperson, a team consisting of Inspector Nasir Awan, Inspector Abdul Qayyum, ASI Badar Bashir, Muhammad Ishfaq, Shafqat Jabbar, Nadir Azad and Muhammad Marouf conducted a raid at M/s Abdullah Travels Bund Road where four persons who were identified as Khurram Butt, Tahir Ali, Tahir Mehmood, Muhammad Bilal were found involved in illegal business of money transfer without permission of the State Bank of Pakistan.
The FIA team recovered Rs 58.5 million, $206,350 and Saudi Riyal 100,000 from their possession. The authorities have started investigation after registering a case of money laundering against them.
