the Karachi Stock Exchange (FIA) raided The Federal Investigation Agency in Pakistan Wednesday . Sources say that millions in local and foreign currencies were recovered in the raid, and that the money was being sent abroad through Pakistan , which is an illegal method of transfering money; millions employees have been arrested. Suspects were trying to smuggle this amount to abroad through Hundi, A hundi is a financial instrument that developed in Medieval India for use in trade and credit transactions. This move by the FIA is part of an ongoing crack down on money laundering in the country.
the Karachi Stock Exchange (FIA) raided The Federal Investigation Agency in Pakistan Wednesday . Sources say that millions in local and foreign currencies were recovered in the raid, and that the money was being sent abroad through Pakistan , which is an illegal method of transfering money; millions employees have been arrested. This move by the FIA is part of an ongoing crack down on money laundering in the country.