Pakistan Takes a Grip on Money Transfers April 29, 2010
FIA smashes 2 illegal foreign exchange Cos
LAHORE - The Federal Investigation Agency (FIA) on Wednesday raided two illegal foreign exchange firms at Circular Road, Gujrat and recovered foreign and local currency notes, FIA spokesman said.
He said that two persons namely Sajjad Nasim and Shafique Butt, operating M/S Dar & Co, were taken into custody for their involvement in illegal business of foreign currency.
The FIA team recovered Canadian $ 950, Danish Krone 1,000, UAE Dirham 2,000, Norwegian Krone 10,600, South African Rand 300, US $ 662, Kuwait Dirham 3, Swiss Frank 10, Qatar Riyal 78, Iraqi Dinar 1,50,000, Malaysian Ringgit 2, Libyan Dinar 70, Indian Rs 200, Yemeni Riyal 1500, Syrian Leera 500, Jordan Dinar 20, Romanian Lei 10 and Pakistani Rs 10,20,700, he added.
The team, comprising AD Munawar Iqbal, Inspector Nayarul Hassan, HC Mehboob Ali and ASI Tassaduq, conducted the raid under supervision of Raza Zahoor Watoo, Deputy Director FIA Corporate Crime Circle.
According to the spokesman, another FIA team raided M/S AL Rehman Enterprises and arrested two persons namely Habib and Ahmed Nadeem for illegal business of foreign exchange. He said that Saudi Riyal 46, UAE Dirham 1,000, US $ 700, Norwegian Krone 1,100, and Pakistani Rs 7,07,460 were recovered from this firm.
The raiding team comprised AD Ali Iman Zaidi, Inspector Samiullah, SI Khizar Abbas, Constable Munawar Hassan and HC Khuram Iqbal.
The spokesman said that both the companies had payment booths of M/S Great Union Exchange (B Category Co) Rawalpindi, who had cancelled the license of both the firms 6 months back. He said that FIRs had been registered against the firms.
http://www.nation.com.pk/pakistan-news-newspaper-daily-english-online/Regional/Lahore/29-Apr-2010/FIA-smashes-2-illegal-foreign-exchange-Cos
FIA smashes 2 illegal foreign exchange Cos
LAHORE - The Federal Investigation Agency (FIA) on Wednesday raided two illegal foreign exchange firms at Circular Road, Gujrat and recovered foreign and local currency notes, FIA spokesman said.
He said that two persons namely Sajjad Nasim and Shafique Butt, operating M/S Dar & Co, were taken into custody for their involvement in illegal business of foreign currency.
The FIA team recovered Canadian $ 950, Danish Krone 1,000, UAE Dirham 2,000, Norwegian Krone 10,600, South African Rand 300, US $ 662, Kuwait Dirham 3, Swiss Frank 10, Qatar Riyal 78, Iraqi Dinar 1,50,000, Malaysian Ringgit 2, Libyan Dinar 70, Indian Rs 200, Yemeni Riyal 1500, Syrian Leera 500, Jordan Dinar 20, Romanian Lei 10 and Pakistani Rs 10,20,700, he added.
The team, comprising AD Munawar Iqbal, Inspector Nayarul Hassan, HC Mehboob Ali and ASI Tassaduq, conducted the raid under supervision of Raza Zahoor Watoo, Deputy Director FIA Corporate Crime Circle.
According to the spokesman, another FIA team raided M/S AL Rehman Enterprises and arrested two persons namely Habib and Ahmed Nadeem for illegal business of foreign exchange. He said that Saudi Riyal 46, UAE Dirham 1,000, US $ 700, Norwegian Krone 1,100, and Pakistani Rs 7,07,460 were recovered from this firm.
The raiding team comprised AD Ali Iman Zaidi, Inspector Samiullah, SI Khizar Abbas, Constable Munawar Hassan and HC Khuram Iqbal.
The spokesman said that both the companies had payment booths of M/S Great Union Exchange (B Category Co) Rawalpindi, who had cancelled the license of both the firms 6 months back. He said that FIRs had been registered against the firms.
http://www.nation.com.pk/pakistan-news-newspaper-daily-english-online/Regional/Lahore/29-Apr-2010/FIA-smashes-2-illegal-foreign-exchange-Cos
