The Federal Investigation Agency (FIA) has arrested four individuals allegedly involved in hawala, hundi, and illegal currency exchange operations in Quetta and Gwadar.
FIA officials said the arrests were made on Friday following a tip-off. The agency’s Commercial Banking Circle in Quetta and Composite Circle in Gwadar conducted coordinated raids, detaining suspects identified as Haji Sharif, Abdul Rehman, Riaz, and Nazeer Ahmed.
During the operations, authorities recovered $1,072, 5,770 Afghanis, 2,485 Turkish lira, 900,000 Indochina rupees, 5.3 million Iranian rials, and 2.7 million Pakistani rupees. Mobile phones and 23 cheque books from various commercial banks were also seized.
“All four accused were running an illegal currency exchange business without a licence,” a senior FIA official said, adding that further investigation is ongoing.
