Crackdown against Hundi, Hawal business, four held Rs72,59,100 recovered


Upon the directions of DG FIA Dr Sana Ullah Abbasi and Director KP Mujahid Akbar Khan, FIA has conduct crack down against illegal business of Hawala Hundi. Deputy Director Commercial Banking Circle, Peshawar Afzal Khan Niazi constituted a special teams to conduct raids in Bunner KP alongwith Assistant Commioner Bunner Syed Ibrar Ali Shah and these FIA CBC Peshawar teams have arrested two accused Ejaz Ahmed, Rab Nawaz Khan and recovered Rs6,96,5000alongwith Hawala Hundi receipts.
In second raid the accused Adil was doing illegal business of Hawala Hundi and recovered RS2,48000/ alongwith Hawala Hundi receipts.
Similarly, in 3rd raid in same area Accused namely Ahtasham who was also doing illegal business of Hawala Hundi has been arrested and recovered Amount Rs 46100 alongwith receipts of Hawala Hundi. Accused were doing illegal business of hawala/Hundi and parallel banking without any legal authority / license.
They have committed crime by violating Foreign Exchange Regulation Act 1947. FIA registered cases accordingly and investigation is in progress.