The Federal Investigation Agency (FIA) Commercial Banking Circle Islamabad has secured a major court conviction in an illegal hundi and hawala case, with a Rawalpindi court sentencing a man to 10 years in prison and imposing a fine of Rs 1 million over suspicious bank transactions exceeding Rs 108 million.
Court sentences man to 10 years in prison, Rs 1 mln fine in illegal hundi, hawala case
ISLAMABAD, Nov 02 (APP): The Federal Investigation Agency (FIA) Commercial Banking Circle Islamabad has secured a major court conviction in an illegal hundi and hawala case, with a Rawalpindi court sentencing a man to 10 years in prison and imposing a fine of Rs 1 million over suspicious bank transactions exceeding Rs 108 million.
According to an FIA official, Additional District and Sessions Judge Muhammad Irfan Anjum awarded the sentence to Khan Bahadur Khan after he pleaded guilty to the charges in case No. C-18/2026, investigated by the FIA Commercial Banking Circle Islamabad.
He said investigations revealed that more than Rs 108 million had been transferred into the convict’s bank account from different sources, including M/s Shaheen Air International.
The official said the suspicious transactions did not match the convict’s declared income and business activities.
He said the case was registered on the basis of banking records, witness statements and other evidence collected during the investigation.
The court convicted the accused under Sections 5, 8 and 23 of the Foreign Exchange Regulation Act, 1947, as amended in 2020.
