LAHORE: Federal Investigation Agency (FIA), during its operation against money laundering (currency transfer through hundi and hawala) from Afghanistan and other countries to Pakistan, has arrested two accused and confiscated Rs2.485 million cash and other helping material.
According to FIA spokesperson, a successful raid was conducted by an FIA team, consisting of Abdul Qayyum, M Riaz Butt, M Ijaz, Ishfaq and shafqat, at MR Traders Badami Bagh Lahore, where two accused namely Majid Hameed and Yasir Abdur Razaq were found involved in illegal business of hundi and hawala funds transfer.
The FIA team also recovered Rs2,485,000, receipts of different clients regarding hawala, cheque books of different banks, etc. The Agency has registered a case FIR NO 37/2015 dated 10. 03. 2015 under the Section of 4, 8, 23 FIR Act, 3, 4 Anti Money Laundering Act.
