The FIA secured the conviction after uncovering suspicious bank transactions exceeding Rs108 million that allegedly had no connection with the convict’s declared income or business activities.

A Rawalpindi court has sentenced a man to 10 years in prison and imposed a fine of Rs1 million in an illegal hundi and hawala case involving suspicious bank transactions exceeding Rs108 million.

According to an official of the Federal Investigation Agency (FIA), Additional District and Sessions Judge Muhammad Irfan Anjum awarded the sentence to Khan Bahadur Khan after he pleaded guilty to the charges in case No. C-18/2026.

The case was investigated by the FIA Commercial Banking Circle Islamabad, which uncovered substantial financial transactions allegedly inconsistent with the convict’s declared income and business activities.

Investigations revealed that more than Rs108 million had been transferred into Khan’s bank account from various sources, including M/s Shaheen Air International.

The FIA official said the case was registered on the basis of banking records, witness statements and other evidence collected during the investigation.

The court convicted the accused under Sections 5, 8 and 23 of the Foreign Exchange Regulation Act, 1947, as amended in 2020.

The conviction highlights the FIA’s enforcement efforts against illegal foreign exchange transactions and hundi and hawala operations, which operate outside the regulated banking and financial system.