Crime Reporter
LAHORE:The Federal Investigation Agency (FIA) arrested a proclaimed offender allegedly involved in hawala/hundi operations and large-scale money laundering, officials said.According to an FIA spokesperson on Monday, the suspect, Amjad Khan, was taken into custody by the Anti-Money Laundering Circle Lahore after it was established that he had laundered approximately Rs746 million under the guise of business activities.The spokesperson said the accused was operating multiple bank accounts and carrying out structured financial transactions to conceal the origin of illicit funds. A significant mismatch was detected between his declared business profile and actual financial dealings, indicating that illegal proceeds were being falsely portrayed as legitimate income.Investigations further revealed that the accused was also involved in settling unlawful transactions through hawala/hundi channels.The spokesperson said the suspect had been shifted to custody and further investigation was underway to trace additional links and recover illicit assets.
