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FIA arrests suspects in biggest money laundering of Rs 7.9b from Quetta

FIA arrests suspects in biggest money laundering of Rs 7.9b from Quetta

QUETTA: The Federal Investigation Agency (FIA) launched a crackdown on ‘Hawala’ and ‘Hundi’ operators in Quetta and arrested three suspects involved in money laundering.

On directives of DG FIA Bashir Ahmed Memon, FIA Banking Circle Quetta Assistant Director Shafiqur Rehman Shahwai and SHO Arif Baloch conducted the raid at Chobar Mill Road office of two suspects, Ashraf Ali and Habibur Rahman, who made transactions worth Rs Rs7.9bn in eight bank accounts.

FIA Balochistan Director Altaf Hussain told journalists that the agency had detected transactions worth Rs7.9bn transactions in eight bank accounts of two suspects. He said that two suspects, Ashraf Ali and Habibur Rahman made transactions worth Rs Rs7.9bn undercover of fresh and dry fruit business in eight accounts.

The FIA official said that the agency conducted raid at an office located at Chobar Mill Road and seized cheque books, bank slips and other documents, freezing bank accounts of accused with Rs 2.70 crores amount being used for money laundering.

The official said that the agency registered cases and initiated investigations against the suspects. He said that in another raid, a suspect, Ghulam Muhammad, involved in illegal ‘Hawala’ and ‘Hundi’ business was arrested in Quetta.

Earlier, the Federal Investigation Agency (FIA) on March 28, had arrested four people involved in transactions through illegal Hawala and Hundi method.

The FIA had arrested the accused in Multan and they were identified as Saleem Nawaz, Ajmal, Sarfraz and Abdul Rehman.

According to FIA, foreign currency notes and transaction record had been recovered from arrested suspects.