FIA arrests suspect involved in money laundering

The Federal Investigation Agency (FIA) Lahore,continuing its crackdown on financial crimes, has arrested a man allegedly involved in laundering large sums through multiple bank accounts

LAHORE, (APP - UrduPoint / Pakistan Point News - 21st Apr, 2026) The Federal Investigation Agency (FIA) Lahore,continuing its crackdown on financial crimes, has arrested a man allegedly involved in laundering large sums through multiple bank accounts.

An FIA spokesperson said on Tuesday that the Anti-Money Laundering Circle conducted a major operation and apprehended the suspect,identified as Rashid Ali,who was found involved in money laundering amounting to Rs.140 million.

He said investigations revealed that the suspect operated multiple personal and business accounts for layering of funds and transferring money through structured transactions across different banks.

A clear discrepancy was observed between his declared business profile and financial activities,as illicit funds were disguised as legitimate income.

He was also found to have acquired properties and other assets through illegal means.

The suspect has been taken into custody and further investigation was underway,the spokesperson added.