Major crackdown in Lahore targets illegal currency trade

The Corporate Crime Circle Lahore of the Federal Investigation Agency (FIA), acting on the Director’s instructions, conducted raids at a home at Nisbat Road in Gawalmandi and recovered Rs21.8 million currency notes, reported 24NewsHD TV channel.

Under the direction of the Director of the Federal Investigation Agency (FIA) Lahore Zone, a significant crackdown is underway against illegal currency trading and the ‘hundi’ mafia.

The suspects, Hamzullah and Ayazullah, who were involved in the illegal business of ‘hundi’ reference and trading of domestic and foreign currency, were apprehended during the raid.

A substantial amount of domestic currency, amounting to two crore eighteen lakh Pakistani rupees, was seized from the accused.

The suspects were allegedly causing significant financial damage to the country’s economy by receiving large sums of money from various parties in Lahore and illegally sending them abroad through ‘hundi’ transfers. Efforts are currently underway to arrest other accomplices involved in this illicit operation.

This crackdown signifies the government’s commitment to curbing illegal activities that undermine the country’s economy.

It also highlights the importance of regulatory oversight in maintaining the integrity of the country’s financial system.

Reporter: Irfan Malik