The FIA Anti-Corruption Circle in Karachi conducted a targeted raid against a network involved in illegal currency exchange, 24NewsHD TV Channel reported on Wednesday.
According to the TV channel report, the operation resulted in the arrest of two suspects, including a private bank's relationship manager.
FIA officials told the media that the raid was carried out at the Khayaban-e-Shahbaz branch of a private bank located in DHA, Karachi, under the directives of FIA Director General Riffat Mukhtar.
The arrested suspects have been identified as Zeeshan Abbas and Abdul Kareem. Zeeshan Abbas was serving as a relationship manager at the targeted bank branch.
During the operation, authorities recovered a significant amount of illicit assets from the suspects, including 50,600 US dollars, 1,500 euros, cash amounting to one lakh Pakistani rupees, and a gold coin weighing 10 tolas.
In addition, three mobile phones were seized, containing digital evidence linked to foreign currency exchanges.
The accused had failed to provide satisfactory explanations for the recovered currency during the interrogation, leading to their immediate arrest.
FIA officials have since launched a detailed investigation into the matter, and further raids are reportedly underway to apprehend additional members of the illegal currency exchange network.
Reporter: Anusha Jafri