Indus Gazette Report
Karachi, May 2: The Federal Investigation Agency’s (FIA) Anti-Corruption Circle (ACC), Karachi, has intensified its crackdown on illegal foreign currency trading with a successful raid carried out at Al Mehmood Bus Stand, Sohrab Goth.
Acting on directives from FIA Karachi Zone Director Noman Ahmed Siddiqui and Additional Director Jawed Baloch, the FIA team arrested a suspect identified as Niaz Muhammad, son of Khudai Rahim, for allegedly operating as an unauthorized currency dealer.
During the raid, officials recovered USD 33,000 in cash from the suspect’s possession, along with a mobile phone containing messages and chats that reportedly pertain to illegal currency transactions.
According to FIA officials, the accused failed to provide any legal justification or valid documentation for the foreign currency in his possession. He was immediately taken into custody and shifted to the FIA ACC office in Karachi for further questioning.
A case has been formally registered against Niaz Muhammad and his unidentified accomplices. Further investigations are underway.
The FIA has reiterated its commitment to combating financial crimes and warned that operations against illegal money changers and hawala/hundi networks will continue with full force.
