The Federal Investigation Agency (FIA) has identified a 54-member mafia responsible for hoarding of dollars and causing the devaluation of the rupee.
An FIA Director informed the Peshawar High Court (PHC) that 37 members of the currency mafia belong to Khyber Pakhtunkhwa.
The revelations came during the hearing of bail petitions of different currency dealers on Thursday. The petitions were heard by the two-member bench comprising of PHC Chief Justice, Qaiser Rashid, and Justice Shakeel Ahmad.
During the course of the hearing, KP FIA Director, Nasir Mahmood Satti, apprised the court that petitioners were arrested under 3MPO while put behind bars for one month by Deputy Commissioner’s orders.
The counsels for petitioners, including Shabbir Hussain Gigyani, Qaiser Zaman, and Azhar Yousaf, told the court that FIA had conducted various raids against culprits involved in illegal business of currency and arrested several people, but their clients had been arrested under 3MPO, which is against the constitution and law.