Federal Investigation Agency (FIA) Islamabad Zone has arrested two accused involved in illegal business of currency and hundi and recovered an amount of Rs30.90 million from their custody during action in Chakwal, reported 24NewsHD TV channel on Friday.

The arrested accused, Sajjad Hussain and Muhammad Waleed, have been involved in illegal currency exchange business for many years and were running their business without any licence.

However, the accused failed to satisfy the FIA team about the legal status of the recovered amount.

During action, FIA recovered documents about currency exchange, record of massages, mobile phones and a number of receipts from the accused.

However, FIA started investigations after registering a case against the accused. The action against the accused was being taken on a tip.

Earlier, a six member team was formed under the direction of Deputy Director Commercial Banking Circle Islamabad Syed Rizwan Shah.

The team arrested the accused using modern resources who also were running a large network of referral hundi in Rawalpindi division.

According to FIA, more actions will be taken against companies and individuals involved in illegal currency trading and reference hundi.