Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    ICC Men's Cricket World Cup 2023 Official Anthem
    SportsVideos

    Unveiling of ‘Dil Jashn Bole’: The Anthem of ICC Men’s Cricket World Cup 2023

    September 20, 2023 1 Min Read
    Sabrina Bahsoon, Tube Girl, TikTok sensation
    EntertainmentVideos

    Sabrina Bahsoon: From Law Graduate to Viral “Tube Girl” of TikTok

    September 20, 2023 3 Min Read
    Coco Gauff 2023 US Open Champion
    SportsVideos

    Coco Gauff: US Open Champion and TikTok Trendsetter

    September 18, 2023 2 Min Read
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Reading: Rawalpindi Plaza Raid: FIA Uncovers Billions in Rupees in Major Crackdown
PhotoNews PakistanPhotoNews Pakistan
Aa
Search
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Have an existing account? Sign In
Follow US
© 2022 Photonews. All Rights Reserved.
FIA Raid on Illegal Currency Exchange
PhotoNews Pakistan > Punjab > Rawalpindi Plaza Raid: FIA Uncovers Billions in Rupees in Major Crackdown
Punjab

Rawalpindi Plaza Raid: FIA Uncovers Billions in Rupees in Major Crackdown

Last updated: 2023/09/18 at 3:55 PM
2 Min Read
Share
SHARE

The Federal Investigation Agency (FIA) successfully unearthed a substantial stash of foreign and local currency, amounting to billions of rupees, during a raid at an in-progress residential site in Shamsabad as part of a broader crackdown on illegal hundi and hawala transactions by exchange firms.

Following detailed surveillance and gathering of evidence on suspected illicit trade operations, the FIA’s Commercial Banking Circle executed another raid in Rawalpindi, seizing 13 computerized iron safes filled with significant cash amounts. The operation led to the detention of two suspects linked to these activities.

Another video of FIA raid recovering foreign currency worth billions from basement of plaza in Rawalpindi pic.twitter.com/BY5NNGowlj

— Times of lsIamabad (@TimesofIslambad) September 17, 2023

Before initiating the raid, the FIA monitored the location for a week, discovering a concealed iron gate in the plaza’s double basement parking area, where spare building materials were stored. Breaking through the outer walls, the agents discovered a hidden door shielding 13 extensive iron safes, surrounded by security equipment and cameras. This discovery sparked a fierce disagreement between the FIA team and the plaza owner, Sheikh Iftikhar Adil, concerning the custody of the found money.

Adil, asserting the legitimacy of the funds secured in the lockers, provided a money trail to the FIA and refuted claims of foreign currency recovery from the safes. Despite this, the FIA insisted on confiscating the discovered assets, even soliciting police backup to aid in the process. The initial findings of the operation have been reported to senior officials for further action.

TAGGED: Featured, Rawalpindi
Zainab Haider September 18, 2023
Share this Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

ETPB seals Lal Haveli

ETPB Seals Lal Haveli Residence of Sheikh Rashid Amid Controversy

UNGA Pakistan Climate and Health

Prime Minister Kakar Addresses Climate and Health at the 78th UNGA Session

Sikh Leader Assassination Probe

U.S. Backs Canada’s Investigation into Sikh Leader’s Assassination Amid Canada-India Tensions

Shehroze Kashif Manaslu Ascent

Shehroze Kashif’s Record-breaking Manaslu Ascent

Imran Khan May 9 Riots Charges

Imran Khan and PTI Leaders Charged with “Criminal Conspiracy” over May 9 Riots

Shehbaz dashes to London with 'important message' for Nawaz

Shehbaz Sharif’s Surprising Return to London for Crucial Talks

Post Archives

More Popular from Photonews

Pakistan Cricket Team World Cup Preparations
Sports

Cricket’s Brewing Storm: Inside Pakistan Team’s Tumultuous Journey to the World Cup

2 Min Read
Greta Thunberg
World

Thunberg Faces Legal Consequences Again: A Stance Against Fossil Fuels Leads to Court

1 Min Read
Electric Vehicle Plant in Pakistan
Business

Chinese Company Announces Plans for Electric Vehicle Plant and Showrooms in Pakistan

1 Min Read
Entertainment

Tiffany Haddish Sparks Social Media Frenzy with Shakira Photobomb at the VMA

At the VMA, Tiffany Haddish was at the centre of a social media storm after humorously…

September 18, 2023
BusinessTop News

IMF Suggests Pakistan Tax the Wealthy Amid Rising Inflation

In light of a significant surge in inflation, which rose to 27.4% in August, and public…

September 21, 2023
Sports

Naseem Shah’s Uncertain Journey Ahead of the ODI World Cup 2023

Pakistan's prominent fast bowler, Naseem Shah, is grappling with the bleak possibility of being sidelined for…

September 16, 2023
Tech

Pakistan’s Pioneering Spirit: Namira Salim’s Historic Voyage to Space

In a groundbreaking event, Pakistan is about to witness the launch of its first female astronaut,…

September 17, 2023
PhotoNews Pakistan

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Categories

  • World
  • Pakistan
  • Punjab
  • Sindh
  • Khyber Pakhtunkhwa
  • Balochistan
  • Azad Jammu Kashmir

 

  • Top News
  • Business
  • Entertainment
  • Sports
  • Videos
  • Tech
  • Offbeat
  • Blog

© 2023 Phototnews
All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?