The Federal Investigation Agency (FIA)’s State Baking Circle Karachi, conducted a raid in the Jamshed Town area of the megalopolis on Thursday, leading to the apprehension of three suspects engaged in illegal Currency exchange activities. During the operation, the premier investigation agency’s officials seized local and foreign currency amounting to millions. The arrested individuals, identified as Muhammad Asif, Hafiz Faheem, and Imran, were found to be involved in the illicit exchange of both local and foreign currencies without proper licensing.
The recovered currency included 10 million Iranian Riyals, 8946 Saudi riyals, and 1280 UAE Dirhams. Additionally, Omani riyals, Canadian Dollars, and over 0.7 million Pakistani rupees were confiscated from the suspects.
