Title: FIA Nabs Five Suspects in Major Operation Against Hundi Business in Lower Dir District
In a significant operation conducted by the Commercial Banking Circle of the Federal Investigation Agency (FIA), five individuals involved in the illegal Hundi business were apprehended on Thursday. The arrests took place in Qamber Bazar and Timargarha regions of the Lower Dir district. The FIA’s swift action has dealt a severe blow to the unlawful financial activities carried out in this area.
Details of the Operation and Arrests:
The suspects have been identified as Muhammad Isa Khan, Rahatullah, Tawheed Muhammad, Yasir Wasim, and Ahmed Shah. These individuals were allegedly involved in facilitating the illegal transfer of money through Hundi, a traditional yet illicit method of transferring funds. During the well-executed raids, law enforcement agencies successfully seized both domestic and foreign currency, amounting to more than Rs 2.4 million. The recovered currencies included 7400 Saudi Riyals, 300 UAE Dirhams, and 100 US Dollars. Moreover, authorities also discovered a crucial record related to the Hundi reference, which will serve as vital evidence in the ongoing investigation.
Background on the Incident Location:
The raids were conducted in Qamber Bazar and Timargarha, which are located in the Lower Dir district of Khyber Pakhtunkhwa province in Pakistan. Situated amidst the breathtaking beauty of the Hindu Kush mountain range, the Lower Dir district is an area known for its historical significance and natural splendor. However, it has unfortunately become a hub for various illegal activities, including Hundi transactions.
Significance of the Operation:
The FIA’s successful operation against the Hundi business in this region marks a significant breakthrough in curbing illegal financial activities. Hundi transactions not only undermine the formal banking sector but also pose a serious threat to the economy by facilitating money laundering and financing terrorism. With the arrest of these five suspects and the recovery of substantial amounts of currency, the FIA has sent a strong message that such unlawful practices will not be tolerated.
The apprehension of five individuals involved in the Hundi business in Lower Dir district is a commendable achievement by the FIA. The recovery of large sums of currency and the crucial evidence found during the operation will aid in further investigations and bringing the culprits to justice. This action reinforces the government’s commitment to eradicating illegal financial practices and ensuring the stability and integrity of Pakistan’s economy..