KARACHI: The Federal Investigation Agency (FIA) raided a money laundering network operating under the guise of a company and arrested seven accused.
According to spokesman for FIA Sindh on Monday, FIA’s Corporate Crime Circle, Karachi raided Moonlight Trading located I. I. Chundrigar Road, which was running illegal Hawala/Hundi network in Karachi, Lahore and Quetta by facilitating local importers in overseas payments.
During inquiry, extraordinary transactions of Rs 4. 96 billion were detected from 4 different bank accounts of accused Aul Khan, owner of Moonlight Trading.
The FIA recovered cash PKR 1, 350, 00, US$ 2000, Chinese currency 1520, TT receipts, fake receipts, mobile phones, laptops, transport bills, letterheads of various dummy companies, bank account details of dummy (fake) companies, deposit/credit slips of millions of rupees which the accused routed from his various accounts and others during the raid.
In addition, 47 different bank accounts have also came on record which were used by accused for payment of Hawala/Hundi.
Arrested were identified as Sajid Ismail, Kalam Badshah, Saqib Ahmed, Raza, Zulfiqar, M. Nauman and M. Shafiq Khan while owner of Moonlight Trading Awwal Khan his accomplices Waris Khan and Taimoor Khan were absconding.
Case had been registered and the arrested have been remanded in custody till January 6th.