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LAHORE, Oct 08 (APP):The Federal Investigation Agency (FIA) has arrested five individuals in Lahore for their alleged involvement in illegal money transfers and copyright infringement.
A spokesperson for the FIA said on Wednesday that the arrests were made during separate raids conducted by the FIA’s Corporate Crime Circle in Lahore. Four suspects — identified as Bilal, Syed Taqi Murtaza, Muhammad Nadeem and Tanveer Hussain — were allegedly operating illegal currency exchange and hawala/hundi networks.
Authorities recovered 1.8 million Pakistani rupees in cash, along with documentary and digital evidence related to unauthorised financial transactions.
In a separate raid, another suspect, Waseemul Hassan, was taken into custody for allegedly selling counterfeit products under the names of registered companies. A large quantity of fake branded goods was seized. All five suspects are in custody, and investigations are ongoing, the FIA said.