Police and FIA authorities jointly conducted a crackdown against the illegal business of Hundi and Hawala in Kohat on Thursday, and arrested around 10 people involving in this illegal business and recovered Rs 3 million from them. The operation was carried out in pursuance of special directions of Apex Committee to discourage informal and undocumented dispatch and receipt of finances in the province.
The business of Hawala and Hundi provide an undocumented alternate system of banking for financing terrorism and hiding the ill-gotten proceeds of corruption and other white collar crimes. During the operation seven hundi outlets were raided in Kohat. The FIA authorities arrested 10 individuals involved in the illegal business.
Moreover, the FIA authorities also recovered more than Rs 3 million cash along with incriminating evidentiary material in the form of written and fax receipts, multiple cheque books of fake accounts, list of customers and recipients, mobile phones and laptops. The arrested accused and recovered cash were shifted to FIA Headquarter Peshawar for further interrogation.