Three circles of the Federal Investigation Agency (FIA) have arrested 11 people and registered cases against the dealers involved in illegal currency transactions in Karachi.
According to sources, three circles of the Federal Investigation Agency have been mobilized against money changer mafias. FIA’s State Bank Circle, Anti-Corruption Circle, and Commercial Banking Circles conducted operations in Clifton, Defence, Sadar, Gulshan Iqbal, Scheme 33, and other areas in Karachi late at night.
Seven cases have reportedly been filed in this case, and 11 accused people have reportedly been jailed. Several offices that dealt with foreign currency were closed down, and the raids resulted in the recovery of local and foreign currency valued at crores of rupees.
According to FIA sources, the seized foreign currency includes US Dollars, Rials, Dirhams, and Rupees.
Sources say that actions against the agents involved in illegal currency transactions will continue in the coming days.