The Federal Investigation Agency (FIA) Karachi Zone on Sunday, during a crackdown against illegal financial activities, arrested a person allegedly involved in the business of unauthorized currency exchange and recovered 16,000 US dollars from his possession.
After the raid, the accused, identified as Muhammad Kaunain, was taken into custody. In addition to the large sum of foreign currency, the authorities also seized a mobile phone and other materials believed to be linked to the illegal business.
According to the authorities, the accused was allegedly running a currency exchange business without the necessary legal authorization or license required for such financial transactions.
The seized items, particularly the mobile phone, will be examined by investigators as evidence to determine the full scope of the illegal operation.