Three held for running illegal currency exchange outlets

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PESHAWAR: Federal Investigation Agency arrested three persons here on Monday for allegedly running illegal currency exchange outlets.

The FIA officials said that two persons were arrested in Torkham area of Khyber tribal district and one was held during a raid at Chowk Yadgar area of the provincial capital. They said that a total of Rs0.55 million and 35,100 Afghan currency notes were recovered from them.

They said that FIA arrested Abdul Rehman at Chowk Yadgar.

They said that Rs0.55 million and receipts used for hundi hawala were recovered from him. They added the amount was taken into custody after Rehman failed to explain origin of the amount in his possession.

“Abdul Jabbar and Farman Ali were arrested in Torkham area for running illegal currency exchange,” said a senior FIA official. He said Rs23,000 and 5,100 Afghanis were recovered from him. He added that Rs3,000 and 30,000 Afghanis were recovered from Ali.

He said that all the accused persons were charged under relevant sections of Foreign Exchange Regulations Act, 1947.

On Saturday, FIA arrested Izatullah at Pakistan-Afghanistan border crossing Torkham and recovered Qatari Riyal 51,000 and Saudi Riyal 49,000 from his possession.

In a raid carried out in Nishtarabad area of the provincial capital, FIA arrested Mohammad Mujahid and recovered $2000, NZD1,600 and Rs27,000 from him. A team of FIA arrested Shafiullah in Gumbat area of Dir district and recovered Rs0.36 million along with receipts used for hundi hawala from his possession.

Published in Dawn, August 29th, 2023

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