LAHORE: The Federal Investigation Agency (FIA) has booked an accused on the charges of running illegal money exchange.
An FIA spokesperson told Customs Today that a raid was conducted by the Corporate Crime Circle Lahore of the agency under the supervision of Deputy Director Jamil Ahmad Khan Mayo at M/s Bahadur Traders shop no 07 first floor Japan center duty free shop Cooper Road Lahore.
During the investigation, Bahadur Ali, a resident of house no 117 street no 19 Gulistan Colony Mustafa abad Dharam Pura, lahore was found involved in illegal business of currency exchange and Hundi and Hawala without permission of the State Bank of Pakistan.
During the search of the shop, the team recovered pounds, Saudi riyals, dollars, Iranian riyals, and receipts of TT and hand written receipts regarding sale purchase of the currencies etc. A case FIR NO 144/2016 dated 21.12.2016 u/s 4,8,23 FER ACT , 4 AML ACT FIA/CCC registered & Accused namely Bahadur ali has been arrested.
