The Federal Investigation Agency’s Commercial Banking Circle (CBC) Karachi said it seized foreign currency from the parking area of a private hospital on Stadium Road and detained four people during a targeted operation against an alleged illegal currency-dealing network.
22,000 US dollars and 4 million Iranian rials recovered
According to an FIA spokesperson, the operation was conducted on the directions of FIA Karachi Zone Director Muntazir Mehdi and under the supervision of the Deputy Director FIA CBC Karachi. The agency said the recovered items included 22,000 US dollars, 4 million Iranian rials and mobile phones.
The four people detained at the scene were identified as Muhammad Babar Dosani, Yaqoob Patel, Ahmer Hussain Khan and Kashif Ashraf.
Phones taken for digital evidence review
The FIA said the mobile phones were taken into custody for review of possible digital evidence related to the alleged illegal currency dealing and for further investigation.
The detained men, the recovered currency and other items were shifted to FIA Police Station, CBC Karachi for legal formalities. After completion of the required legal process, a case was registered.
According to the spokesperson, the registered case names Yaqoob Patel, Ahmer Hussain Khan, Kashif Ashraf, Muhammad Babar Dosani and Muzaffar Ali.
The FIA said the investigation is continuing to trace the nature of the alleged illegal activity, financial links, possible facilitators and any wider network. It said action against those involved in illegal foreign currency buying and selling, and other unlawful financial activities, will continue under the law.
