PHC: FIA identifies 54 members alleged currency mafia

Humayun Khan

PESHAWAR: Federal Investigation Agency had identified 54 member mafia allegedly involved in storage of dollar which are causing devaluation of Pakistani currency and affecting national economy.
This was disclosed by Director FIA KP Nasir Mahmood Satti before Peshawar High Court during hearing bail petitions of different currency dealers.
The two-member bench comprising of Chief Justice Peshawar High Court Justice Qaiser Rashid and Justice Shakeel Ahmad hearing bails petitions in which petitioners were arrested under 3MPO while put behind the bars for one month by Deputy Commissioner orders.
The counsels for petitioners including Shabbir Hussain Gigyani, Qaiser Zaman and Azhar Yousaf informed PHC that FIA had conducted various raids against culprits involved in illegal business of currency and arrested several outlawed but the petitioners had arrested under 3MPO which is against the constitution and law.
Director FIA informed PHC that 37 of 54 members currency mafia belongs to Khyber Pakhtunkhwa province and added that after against the mafia dollar has been devalued from Rs,178 to Rs,173 while Chief Justice Qaiser Rashid remarked that competent authorities are now aware from the situation while it is continue since years.
Laterally, PHC granted bails to petitioner on two personal sureties and Rs.2 million.