According to a spokeswoman for the FIA, the suspect, Sajid Katya, filed around 5,408 claims for prize money on winning prize bonds.
He added that the submitted winning prize bonds were valued at Rs 240 million.
According to the FIA spokeswoman, the suspect made transactions totaling more than Rs1 billion from 16 different bank accounts and is accused of changing black money into white.
He was also suspected of filing claims on behalf of non-filers.
The investigating agency representative went on to say that the suspect worked as a sales manager in a local market.
Read more: FIA captures seven people—traffickers and hawala hundi operators.
Days ago, the FIA commercial banking circle in Karachi apprehended a three-member group engaging in illicit Hawala Hundi activity.
On March 11, the FIA spokesperson stated that the raid was carried out under the supervision of the Deputy Director Commercial Banking Circle in the Gulshan-e-Iqbal area, where FIA officials seized a significant amount of cash, including $900 and Rs1,730,000, as well as mobile phones from the accused, Munawar Hussain, Muhammad Zubair, and Muhammad Asif.
In another operation on March 17, the investing agency claimed to have apprehended seven people suspected of human trafficking and running illegal money exchange enterprises.
According to an FIA spokeswoman, the individuals were apprehended in places across Pakistan, including Multan, DG Khan, and Bahawalpur.
According to the FIA spokeswoman, the accused possessed a large amount of local money, exceeding Rs 1 million in cash, as well as a significant amount of foreign currency, totaling 4562 Saudi Riyals.
