The Federal Investigation Agency (FIA) has arrested three suspects in an operation against illegal foreign currency exchange and alleged financial fraud, officials said on Saturday.
FIA arrests three in crackdown on illegal currency exchange,fraud
SARGODHA, May 02 (APP): The Federal Investigation Agency (FIA) has arrested three suspects in an operation against illegal foreign currency exchange and alleged financial fraud, officials said on Saturday.
The action was taken on the instructions of Director FIA Faisalabad Zone and under the supervision of Deputy Director FIA Sargodha.
According to officials, the arrested suspects include Abdul Latif r/o Tehsil Kabirwala in Khanewal District, Zaheeruddin Babar, r/o Tehsil Sadiqabad and Muhammad Imran, r/o Rahim Yar Khan.
Investigators said the suspects were allegedly involved in illegal foreign currency exchange.
During the operation, mobile phones, 650 UAE dirhams and ATM cards of different banks were recovered from their possession.
Officials further said the accused were also allegedly involved in bank fraud and NADRA related fraud with suspected involvement of some bank and NADRA officials.
A case has been registered under relevant sections of the Foreign Exchange Regulation Act 1947 (Amendment 2020), the Pakistan Penal Code and the Prevention of Corruption Act 1947.
Further investigation was underway to trace other individuals involved in the case.
