JHELUM:The Federal Investigation Agency (FIA) on Sunday claimed to have arrested five people besides recovering local and foreign currency notes from them in a raid on two shops of currency exchange in Jhelum.

Sources in the FIA told 24News that those arrested were associated with the business of hawala and hundi. Sources added that 32.6 million fake Pakistani currency was recovered from them.

Moreover, they added, foreign currency notes worth over Rs14 million were also recovered from them. Sources elaborated that US dollars, Saudi Riyal, Euro, UK Pounds were among other currencies recovered from the suspects.

Those taken into custody were Sarfaraz, Usama, Nadeem Khan and Abu Bakr.

Only three days ago, the Federal Investigation Agency (FIA) conducted raids in Rawalpindi and arrested four persons namely Abdur Rahman Paracha, Tauseef Ahmad, Bilal Kaleem and Muhammad Naveed under the Foreign Exchange Regul Regulation Act.