Photo Express
Karachi: The Federal Investigation Agency (FIA) Anti-Corruption Circle arrested elements involved in the buying and selling of Israeli currency during a raid in Bolton Market.
According to the spokesperson of FIA, on the direction of Director FIA Karachi Zone Zaeem Iqbal Sheikh, under the supervision of Additional Director FIA Anti-Corruption Circle Javed Baloch, the crackdown against illegal currency dealers is ongoing.
The FIA Anti-Corruption Circle conducted a raid in Bolton Market, a densely populated area of the city, during which two suspects, Ahmed Raza and Faizan Raza, involved in the illegal purchase of foreign currency were arrested.
According to FIA, the accused were involved in buying and selling of foreign currency under the guise of prize bond business and the accused were involved in illegal currency exchange without the approval of State Bank of Pakistan.
Currency of more than 30 countries, 8 lakh Pakistani rupees and prize bonds worth 150,000 were recovered from the possession of the accused. According to the FIA, Indian currency 4500 rupees, Thai baht 5000, Indonesian currency 600, Afghani 2000, Vietnamese dong 17000, Mozambique 8000, Filipino 1400, Malaysian ringgit 1000, Iranian riyal 4800, Iraqi riyal were recovered from the possession of the accused. 3500, Russian Manat 40, Kenya Sheng 600, Saudi Riyal 500, Qatari Riyal 150, Swiss Franc 50, Norway 50, South Korea 5 Lakh, German Mark 50, Mapados 500, Egyptian Pound 250.
In addition, Costa Rica 1 thousand, Leibniz 1 thousand, Israel Sheqim 20, Nepali 900, Hong Kong dollar 30, Bahrain dinar 3, pounds 30, Euro 20, Syrian pounds 500 were exported.
A case has been registered against the accused in FIA Anti-Corruption Circle Karachi, further investigation is going on regarding the foreign currency business.
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