Karachi (HRNW): The Federal Investigation Agency (FIA) has conducted a major operation against an illegal hundi/hawala network involved in unauthorized foreign currency trading.
According to a press release issued by the FIA Public Relations Cell Karachi Zone (PR No: 225/2026, dated 19-06-2026), the action was taken on the instructions of the Director FIA Karachi Zone and Deputy Director Commercial Banks Circle Karachi.
FIA Commercial Banks Circle Karachi carried out a successful raid in the Nazimabad area, arresting a key suspect identified as Faisal alias “Lashkari”.
During the operation, a large quantity of foreign currencies was recovered from the suspect’s possession.
Authorities also seized ledger registers, mobile phones, and records containing details of hundi/hawala transactions.
In addition, cheque books, filled cheques, and other relevant and suspicious documents were also taken into custody.
According to FIA officials, digital and documentary evidence recovered from mobile phones has revealed important links to an organized illegal financial network.
The FIA stated that further investigation is underway, and efforts are ongoing to arrest other individuals linked to the network.
The agency reaffirmed that it will continue indiscriminate action against individuals involved in hundi/hawala, illegal financial activities, and unauthorized foreign exchange businesses.
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Important Note (Disclaimer)
This report is based on an official FIA press release. Further developments may emerge as investigations continue. HRNW remains committed to neutral and responsible journalism.
