KARACHI: The Federal Investigation Agency (FIA) has arrested an advertising company director allegedly involved in the illegal transfer of 9 million UAE dirhams through a hawala-hundi network.
According to the FIA Commercial Banking Circle, the arrest of Ali Raza was made during the investigation of FIR No. 10/2026, which uncovered a hawala-hundi network allegedly used for the unlawful transfer of large sums to foreign accounts.
Officials said illegal payments amounting to 9 million Emirati dirhams — approximately Rs735 million — were transferred through the network. The FIA said a senior official of the same company had also been arrested in February this year for alleged involvement in illegal money transfers through hawala-hundi channels. Authorities said further investigation into the case was under way.
