Action Against currency exchange companies, Pakistan

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The Federal Investigation Agency (FIA), Lahore has arrested two persons accused of running an illegal currency business and initiated an interrogation regarding their alleged involvement into laundering millions of rupees abroad.

The FIA has launched a country-wide crack down against those running a business of ‘Hundi’ and illegal business of currency transfer. As a result, two persons allegedly carrying on illegal business of currency transfer locally known as ‘Hundi’ have been arrested from Gujranwala and shifted to FIA Lahore Headquarter for interrogation.

Assistant Director FIA, Arif Aiwan arrested two persons, Naimatullah (Manager) and Tariq Mehmood (Cashier) associated with a local forex company.

Director General FIA, Tariq Pervez says on the directive of Federal Government some of the persons involved in creating economic crisis in the country were arrested after they were identified.

He said two persons Rustam Ali Khan and Tariq Mehmood were arrested from Khanani and Kalia’s franchised companies Duniya Enterprises.

DG FIA Tariq Pervez said important evidence has been collected in the ongoing operation including computerized database, documents and large amounts of currencies.

He said further investigation is underway after lodging a case in this connection at FIA Gujranwala Region.