The Federal Investigation Agency (FIA) on Wednesday busted a large network of hawala and hundi during raids in Karachi.
FIA raided Tariq Road and MA Jinnah Road in Karachi and seized vehicles worth Rs 120 million and Rs340 million in bank accounts and recovered Rs 30 million in cash. One accused was arrested during the operation.
According to FIA officials, a large number of smuggled goods were recovered from the office at Yusuf Plaza on MA Jinnah Road. In the raid on Tariq Road 4 vehicles smuggled from Japan were recovered. The vehicles were worth more than Rs 120 million.
