PESHAWAR
Under the direction of Deputy Director Commercial Banking Circle Peshawar Afzal Khan Niazi, 2 suspects involved in illegal currency exchange were arrested here on Saturday. Commercial Banking Circle Peshawar raided the money changer franchise office in Dean Trade Center Peshawar, located in Money Changer, was also sealed. The accused were running a money changer business without a license. The accused were doing business on a revoked money changer license, an official said. He said Rs. 1.8 million, 2050 UAE dirhams, 500 Saudi riyals were recovered during the raid. During the raid, the accused Atifullah was arrested, the official said. In the second operation, Atif Afridi, the alleged accused involved in the reference handi, was arrested from Dean Trade Center. Rs. 343500 rupees and 16 checks of different banks were recovered from the possession of the accused.
The accused could not satisfy the authorities regarding the recovered currency. Handi reference receipts will also be recovered from the accused with cases under the Foreign Exchange Regulation Act have been registered against the arrested alleged accused and further investigation is underway.
