By An Islamabad court has sentenced a man to 10 years in prison and fined him Rs1 million for running an illegal hundi/hawala network, the Federal Investigation Agency (FIA) said.
The FIA Commercial Banking Circle Islamabad secured the conviction. Additional District and Sessions Judge Rawalpindi Muhammad Irfan Anjum announced the verdict in Case No. C-18/2026 after the accused, Khan Bahadur Khan, pleaded guilty.
Investigators found that more than Rs108 million had been deposited into the bank accounts of the accused from various sources, including M/s Shaheen Air International. The inflows did not match his declared income or legitimate business activities.
The prosecution presented banking records, witness testimony and forensic financial evidence. The accused was charged under Sections 5, 8 and 23 of the Foreign Exchange Regulation Act 1947, as amended in 2020.
FIA Islamabad Zone officials said the agency will continue action against illegal remittance channels, unauthorized money transfers and illicit financial transactions.
https://www.techjuice.pk/court-sentences-man-to-10-years-over-illegal-hundi-hawala-network/
