The Federal Investigation Agency (FIA) Balochistan Zone on Saturday made a significant breakthrough in its crackdown against illegal currency operations, seizing millions in local and foreign currency. Two suspects involved in illegal currency exchange activities were arrested during the operation, which was carried out on the directives of the FIA Director General.
The FIA’s Commercial Banking Circle, Quetta, took Muhammad Musa and Muhammad Ali into custody, who are considered central figures in the illicit business of Hawala and Hundi. Authorities seized 6,100 US dollars and over 4.35 million Pakistani rupees during the arrests made at various locations in the city.
In addition to the cash, mobile devices and other evidence linked to the illegal currency business were also recovered from the suspects. During the initial investigation, the two individuals were unable to provide a satisfactory explanation for the large sum of money.
The ongoing investigation aims to uncover the wider network of individuals involved in these illegal activities. Raids are continuing to apprehend other associates connected to the crime. This operation marks a significant step in the FIA’s efforts to dismantle illegal financial operations in the region.