LAHORE: The Federal Investigation Agency (FIA) has arrested a allegedly involved in illegal currency exchange and money laundering.
According to the FIA spokesperson, a raid was conducted at Dhani Ram Road Anarkali, Lahore by FIA corporate crime circle Lahore where the suspect, identified as Farhan, was found involved in illegal business of currency exchange and hundi, hawala.
A huge amount of currency was recovered from his possession, including Ps 203,000, mobile phones, cheque books etc.
Subsequently on the information of the accused, another raid was conducted at KH Enterprises Shop# 3-B Japan Centre, Cooper Road, Lahore where person namely Umar Daraz was found involved in illegal business of hundi/hawala and currency exchange. During the investigation of his office the team recovered Rs 395,430, Iranian riyal 102,500,000, Egyptian pounds 325, $486, Canadian dollars 280, Euro 100, Korean yuan 10,000, Sri Lankan Rupee 10,250, Malaysian Rigget 21,380 and Chinese youn 6,728.
FIR NO 96/2016 u/s 4,8,23 FER ACT , 4AML ACT 2010, 109 PPC FIA CCC Lahore has been registered against Farhan and Umar Daraz.Both accused persons have been shifted to unknown place for further investigation.
