The Federal Investigation Agency (FIA) Commercial Banks Circle (CBC) has arrested a branch manager of a commercial bank for his involvement in running a hawala/hundi network in Karachi, reported 24NewsHD TV channel on Monday.
Sources said that after receiving credible information and forensic evidence, the FIA CBC team raided the Badr Commercial Area and arrested the branch manager of U Microfinance Bank, who was later identified as Mohammad Saquib.
The bank manager was arrested after FIA extracted important information from the already arrested accused.
Earlier on May 15, 2026, the Federal Investigation Agency had carried out a major operation against an illegal hawala-hundi network in Karachi and seized millions of rupees in cash and foreign currency during raids conducted in different parts of the city.
According to an FIA spokesperson, the operation was conducted by the FIA Anti-Human Trafficking Circle (AHTC) Karachi on the directives of the Director FIA Karachi Zone and under the supervision of the Deputy Director FIA AHTC.
Acting on confidential information, the FIA officials raided Tai Travel Agency located at Koh-i-Noor Square on Campbell Road in Karachi.
During the initial inspection, investigators recovered important evidence related to hawala-hundi transactions from mobile phones found in the possession of the suspect.
Reporter: Durr-e-Shehwar