KARACHI: Federal Investigation Agency (FIA) Monday said the agency have arrested eight allegedly involved in illegal business of Hawala/Hundi.

According to a spokesman for FIA Sindh on Monday, the Commercial Banking Circle of FIA Karachi raided in Saddar and Gulshan area of Karachi and seized mobile phones, laptops and documents.

Accused under the guise of license exchange company were running illegal Hawala/Hundi business and providing US dollars to people of Balochistan illegally without any receipts and entries.

FIA also confiscated PKR7.6 million, foreign currency equivalent to PKR3 million and 36,394 US dollars.A case has been registered and further investigation is underway.