FIA Arrests Five in Karachi Over an Alleged Hawala Network
Five people, including a private bank branch manager, were arrested in a Karachi raid.
The Federal Investigation Agency has arrested five people in Karachi, including a private bank branch manager, over alleged involvement in an illegal currency exchange and a hawala-hundi network.
In this article we set out where the raid took place and what was reportedly recovered. The case is still an allegation. Here is everything you need to know.
Where the Federal Investigation Agency carried out the raid
The raid was at a bank branch in Federal B Area, Block 4, under an ongoing inquiry. Authorities reportedly recovered 300,000 Saudi riyals in cash, along with seven smart devices, mobile phones and bank cheque books. Investigators are examining digital records and financial transactions as the case proceeds.
The bank is not named. The report does not say the branch itself ran the network. It says five people were arrested, and that one of them is a branch manager.
Why it matters
A hawala-hundi allegation inside a bank branch is a different claim from a street dealer. What has been published so far is an arrest, a place, and a reported recovery. It is not a court finding.
- The agency is the Federal Investigation Agency
- The city is Karachi
- Five people were arrested
- One is a private bank branch manager
- The allegation is illegal currency exchange and hawala-hundi
- The branch is in Federal B Area, Block 4
- The reported cash is 300,000 Saudi riyals
What is not established
- The name of the bank.
- That the bank, as an institution, operated the network.
- A total in Pakistani rupees or in dollars. The stated cash figure is 300,000 Saudi riyals.
- Any charge that has been proved in court.
What happens next
A named bank, or a court date, would move this past the raid. We will update this article if investigators or a court publish either.
Our verdict
The Federal Investigation Agency has arrested five people, including a private bank branch manager, in a raid at Federal B Area, Block 4. They are accused of an illegal currency and hawala-hundi network. Authorities reportedly recovered 300,000 Saudi riyals, devices, phones and cheque books.
Follow for more updates.
Frequently asked questions
Who was arrested?
Five people, including a private bank branch manager.
Where was the raid?
At a bank branch in Federal B Area, Block 4, Karachi.
What was reportedly recovered?
300,000 Saudi riyals in cash, seven smart devices, mobile phones and bank cheque books.
Is the case proved?
No. The arrests are over alleged involvement, and investigators are still examining records and transactions.
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