LAHORE: The Federal Investigation Agency (FIA) has arrested scores of suspects involved in illegal money transaction (hundi/hawala) from the provincial capital and other cities during the last three months.
According to an FIA official, the agency arrested more than 70 during its ongoing crackdown against illegal hundi/hawala business and conducted 59 raids in Lahore, Gujranwala, Sahiwal, Chichawatni and Toba Tek Singh during the last three months.
He said the hawala/hundi business thrived in the country, especially after the increase in withholding tax on bank transactions. The FIA’s action has managed to check this trend making it difficult for the people to do hundi/hawala in the garb of some other business, he added.
