The Federal Investigation Agency (FIA) has reportedly unearthed evidence of transfer of billions of illegal cash to unnamed accounts in two cities of Pakistan that might be aiding terrorists.
The investigation agency uncovered evidence of transfer of 1 billion rupees transferred to Peshawar and Quetta in the last few months, in the Federally Administered Tribal Areas (Fata) and Balochistan through banking channels and money exchange companies.
According to the Express Tribune, the FIA made these discoveries during its investigations into the multibillion rupees Trade Development Authority Pakistan (TDAP) scam.
It was found that the Financial Monitoring Unit (FMU) and other institutions, who are appointed to curb the illegal business of hundi and hawala, were completely unaware of the dubious transactions.
The FIA has registered nine cases under the Anti-Money Laundering Act and arrested dozens of officials of private banks.
Sources said that a renowned money exchange company transferred around 34billion rupees to unnamed accounts in the two cities.
The report said that the FIA has frozen dozens of unnamed accounts in Quetta and Peshawar and issued written notices to their holders, but since the details of holders have proven to be incorrect, the agency has further launched a probe to find possible links to terrorist activities.
