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The Federal Investigation Agency (FIA) said on Sunday that its Lahore unit has arrested four suspects during separate raids for their alleged involvement in hawala/hundi operations and violations of the Copyright Act.
An FIA spokesperson told the media that the raids were conducted by the agency’s Lahore Corporate Crime Circle at different locations in the provincial capital. Two suspects were arrested for allegedly running illegal currency exchange and hawala/hundi businesses.
During the operation, FIA said it recovered cash worth Rs20.4 million from the suspects, as well as foreign currency, including $1,080, AU$320, AED4,015, £85 and 160 Saudi riyals. Documentary records and digital evidence related to hawala/hundi transactions were also recovered from the suspects’ possession.
In separate actions, FIA arrested two other suspects for their alleged involvement in violations of the Copyright Act, 1962. The suspects were found to be in possession of a large quantity of counterfeit products of well-known registered companies.
