‘FIA foils bid of money laundering, arrests 5’
KARACHI: Federal Investigation Agency (FIA) has foiled major bid of money laundering during action carried out in Karachi, besides FIA seized huge amount of local and foreign currencies.
FIA State Bank Circle officials thwarted bid to launder money up to Rs 26 million during raids conducted in Saddar and I I Chundrigar Road areas of metropolis.
Local currency up to Rs 19.6 million and foreign currency worth up to 6.4 million was seized by intel agency.
Offices of H&H Company were raided and around five accused including Hawala Hundi manager and his agent has been arrested, FIA officials confirmed.
FIA raids were conducted ahead of production of former President and Pakistan People’s Party (PPP) co-Chairman, Asif Ali Zardari, who has been accused in mega money laundering and fake accounts cases.
H&H Company is being investigated by a Joint Investigation Team over alleged connection into illegal transfer of money abroad.
Asif Ali Zardari, his sister Faryal Talpur and other accused are facing inquiry into money laundering scam involving over Rs 35 billion laundering through banks’ fake accounts.
Zardari’s close aides Hussain Lawai and Anwar Majeed are already under investigation in this connection under custody.