PESHAWAR:The Federal Investigation Agency (FIA) Commercial Banking Circle during a crackdown on the illegal currency market on Monday arrested three persons for their involvement in hawala/hundi transactions and recovered illegal money from their possession.
On the directives of Director Peshawar Zone Nasir Tanoli, the crackdown was initiated and arrested individuals identified as Najibullah, Muhammad Irfan Banat, and Saleh Hussain.
The arrested suspects were taken into custody in the Chowk Yadgar area of Peshawar and Boner. The FIA, during the raids, recovered both local and foreign currencies from them.
A total of Rs597,000,747 Saudi Riyals, 485 Emirati Dirhams, and 210 Malaysian Ringgit were seized from the suspects during the operation. The FIA also confiscated records related to hawala/hundi transactions and foreign currencies from the arrested individuals.