The Federal Investigation Agency’s (FIA) Corporate Crime Circle Karachi has arrested a suspect and seized a large amount of foreign and local currency during a raid in the city.
According to FIA officials, the suspect, identified as Bilal Ahmed, was allegedly operating a well-organized gang involved in illegal currency exchange activities under the guise of a jewellery business. The arrest was made during a raid at a shop in the Kharadar Gold Market.
An FIA spokesperson revealed that the raid resulted in the confiscation of significant amounts of cash, including $13,000, 7,000 UAE Dirhams, 6,000 Saudi Riyals, 1,000 Canadian dollars, and over 10.2 million in local currency. Mobile phones and documents related to the illegal currency exchange network were also seized.
The operation was carried out on the directives of the Director Karachi Zone following a credible tip-off. Officials stated that the suspect failed to provide satisfactory explanations regarding the source and purpose of the seized currency. Ahmed is currently in custody, and further investigations are underway. The FIA has also launched additional raids to apprehend other members of the illegal network.
The Muttahida Qaumi Movement-Pakistan (MQM-P) has condemned the incarceration of the Mohajir Qaumi Movement-Haqiqi...
Sindh Governor Kamran Khan Tessori has written a second letter to the acting chief justice of the Sindh High Court...
The mother of Mustafa Amir, a young man who was murdered in Gizri, has called for action against South Investigation...
The Reading Room | Karachi on Sunday held a dramatic representation titled Muqadama-e-Azadi Trial of Freedom depicting...
The Anti-Violent Crime Cell (AVCC) of the police suspects that the prime accused in the Mustafa Amir murder case,...
HYDERABAD: Writer and poet Dr Akash Ansari died due to a fire at his house in the Citizen Colony area of Qasimabad,...
A girl who was set on fire by her uncle in the Bagh-e-Korangi area succumbed to her injuries at the hospital on Sunday...
Pakistan should adopt maximum openness, transparency, accountability and local community participation in its drive to...