The Federal Investigation Agency (FIA) has arrested two individuals involved in illegal currency exchange in Karachi, seizing $45,000, which amounts to over PKR 12.5 million.
An FIA spokesperson confirmed the arrests were made after a raid by the FIA’s State Bank Circle at a private bank branch located near the Stock Exchange parking lot.
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The suspects, Mohammad Faisal and Maysam Raza, were caught during the operation. Faisal, the branch manager, was found conducting the foreign currency exchange illegally.
The raid was based on confidential intelligence, and the FIA has initiated a case against the individuals. Investigations are ongoing, with the possibility of more arrests based on the information gathered from the detained suspects.
In related news, FIA Immigration officers recently arrested two individuals at Islamabad Airport. One of the suspects, Adnan Abbas, was coming from Saudi Arabia and is wanted by the Islamabad Cyber Crime Circle for online sexual harassment charges filed in 2023. The second arrest involved a suspect who had been evading capture for 11 years.
