FIA arrests seven involved in hawala hundi business

January 3, 2022: The Federal Investigation Agency (FIA) raided a money-laundering network operating under the guise of a company and arrested seven accused.

According to a spokesman for FIA Sindh on Monday, FIA's Corporate Crime Circle, Karachi raided Moonlight Trading located I.I. Chundrigarh Road, which was running illegal Hawala/Hundi network in Karachi, Lahore, and Quetta by facilitating local importers in overseas payments.

During the inquiry, extraordinary transactions of Rs 4.96 billion were detected from 4 different bank accounts of accused Aul Khan, owner of Moonlight Trading.

The FIA recovered cash PKR 1,350,00, US$ 2000, Chinese currency 1520, TT receipts, fake receipts, mobile phones, laptops, transport bills, letterheads of various dummy companies, bank account details of dummy (fake) companies, deposit/credit slips of millions of rupees which the accused routed from his various accounts and others during the raid.

In addition, 47 different bank accounts have also come on record which was used by the accused of payment of Hawala/Hundi.

Arrested were identified as Sajid Ismail, Kalam Badshah, Saqib Ahmed, Raza, Zulfiqar, M. Nauman, and M. Shafiq Khan while the owner of Moonlight Trading Awwal Khan his accomplices Waris Khan and Taimoor Khan were absconding.

The case had been registered and the arrested have been remanded in custody till January 6.

APP