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LAHORE, Nov 21 (APP):The Federal Investigation Agency (FIA) Corporate Crime Circle, Lahore Zone, carried out a series of operations resulting in the arrest of four suspects involved in illegal hawala transactions and copyright violations on Friday.
According to an FIA spokesperson, the accused have been identified as Samir Ahmed, Rab Nawaz, Muhammad Naeem, and Naeem Waqas.
Samir, Rab Nawaz, and Naeem were found involved in illegal hawala transactions and currency exchange. Police recovered Rs. 7.5 million and US$10,000 from their possession, along with documentary and digital evidence related to hawala activities.
The fourth suspect, Naeem Waqas, was arrested for violating the Copyright Act. Officials recovered a large stock of counterfeit products from various well-known registered companies. He was found involved in storing and selling these fake products.
All suspects have been taken into custody, and investigations are underway, added spokesperson.