Federal Investigation Agency (FIA) on Tuesday foiled what it claimed to be a bid of money-laundering by seizing a huge amount of local and foreign currencies from an exchange company in metropolis. FIA State Bank Circle conducted the raids in I I Chundrigar Road and Saddar areas of the city by seizing the local and foreign currencies worth Rs 26 million from an exchange company.
The seized amount included Rs 19.6 million worth of local currency and Rs 2.72 million worth of foreign currency. FIA officials arrested five people in connection with the money-laundering, FIA announced on Tuesday.