KARACHI: A local court in Karachi has sentenced Imran Ilyas, an accused member of an illegal currency network, to one year of rigorous imprisonment and fined him Rs. 100,000 for illegally possessing foreign exchange.
The Federal Investigation Agency (FIA) announced that the court also ordered the confiscation of the substantial amount recovered from the accused, which included a mix of US dollars, UAE dirhams, Canadian dollars, British pounds, and Pakistani rupees.
According to an FIA spokesperson, the total haul amounted to $19,200 (Rs5.352 million), 15,300 dirhams (over Rs1.161 million), 500 Canadian dollars (Rs106,000), 500 British pounds (Rs108,000), and Rs1.198 million in local currency.
It may be added here that the conviction comes as part of the agency’s ongoing crackdown on unauthorised foreign exchange operations in the city.
