News Desk
Quetta — The Federal Investigation Agency (FIA) Balochistan Zone has intensified its campaign against illegal currency exchange and hawala hundi networks, arresting eight suspects during coordinated operations in Chaman and Taftan.
According to official sources, the arrested individuals have been identified as Azizullah, Hazrat Wali, Zainullah, Mola Dad, Abdul Rauf, Muhammad Ashraf, Obaidullah, and Abad Al-Hadi. The suspects were allegedly operating unauthorized currency exchange businesses without valid licenses, in violation of financial and anti-money laundering regulations.
During the raids, FIA officials seized a substantial amount of foreign and local currency, including Rs 9.9 million (99 lakh 9 thousand Pakistani rupees) and 2.184 billion Iranian rials. The accused reportedly failed to provide satisfactory explanations regarding the source and legality of the recovered funds.
FIA authorities have confirmed that a detailed investigation is currently underway to determine the extent of the network and identify possible links to cross-border hawala hundi operations. Further raids are expected as efforts continue to apprehend other individuals involved in illegal currency trading.
The FIA reiterated its commitment to combating financial crimes and ensuring strict enforcement of Pakistan’s currency exchange and anti-money laundering laws across Balochistan.
