The Federal Investigation Agency’s Corporate Crime Circle Karachi has carried out a major operation against an international hawala and hundi network and arrested two key suspects during a targeted raid on Shahrah-e-Faisal.
According to an FIA spokesperson, the raid was conducted at the XPO Maritime Logistics, where two suspects identified as Faisal Abu Bakar and Ali Raza were allegedly found involved in illegal money transfer operations.
During the operation, FIA officials recovered Rs5.45 million in Pakistani currency, US$44,140, and 45,155 UAE dirhams. The authorities said digital evidence obtained from the suspects’ mobile phones exposed links to a larger international hawala network.
Initial investigations reportedly revealed suspicious financial transactions worth nearly US$1 million. The FIA said the network had connections extending to the United Arab Emirates, United States and several other countries. During interrogation, the suspects reportedly admitted that the illegal hawala business was being operated in an organised manner.
