FIA Action Against Hawala Hundi Business | Breaking News

Introduction

The Federal Investigation Agency (FIA) Lahore has conducted a significant operation against the illicit Hawala Hundi business, leading to the arrest of two key individuals involved in currency exchange fraud. During the operation, the FIA confiscated a substantial amount of money, amounting to several crores, from the accused.

According to reports, the arrests were facilitated by Director FIA Lahore, Jan Sarfaraz Khan, who directed the operation based on intelligence regarding the activities of a notorious gang involved in the Hundi business. Majeed and Wasim, officials working with the FIA, briefed a representative of D News, Wasim Riyas, detailing the investigation and its outcomes.

The investigation uncovered the identity of Mulas, a significant figure in the Hundi business, who was also apprehended during the operation. The FIA has completed the identification process of the arrested individuals, and a First Information Report (FIR) has been filed against them. Ongoing investigations are underway to delve deeper into the operation and to uncover further links and operations related to this illegal business.

The FIA has seized an impressive amount from the arrested individuals, amounting to crores of rupees being utilized in the Hundi transactions. Authorities have stated that action will be taken against all parties involved, highlighting the seriousness with which the agency is approaching this case.

In summary, the FIA’s decisive measures against Hawala Hundi operations mark a significant step in their ongoing effort to combat money laundering and illegal currency exchange practices in the region.

Keywords

FIA
Hawala Hundi
Arrests
Currency Exchange
Investigation
Jan Sarfaraz Khan
Mulas
FIR
Seizure
Money Laundering

FAQ

Q1: What is the Hawala Hundi business?
A1: The Hawala Hundi business refers to an informal method of transferring money that bypasses traditional banking systems, often used for money laundering and other illegal activities.

Q2: Who conducted the recent operation against Hawala Hundi in Lahore?
A2: The operation was conducted by the Federal Investigation Agency (FIA) Lahore.

Q3: How much money was recovered during the operation?
A3: Several crores of rupees were recovered from the arrested individuals.

Q4: Who are the key figures mentioned in this operation?
A4: Jan Sarfaraz Khan, the Director of FIA Lahore, and Mulas, a notable criminal in the Hundi business, are the key figures mentioned.

Q5: What actions have been taken following the arrests?
A5: A First Information Report (FIR) has been registered, and further investigations are ongoing to track down additional individuals involved in the operations.