The Federal Investigation Agency (FIA) Commercial Banking Circle team on Thursday seized four luxury vehicles from a car showroom in Karachi.
The showroom owner was unable to provide proof of import for the vehicles which is suspected to be part of a trade-based money laundering scheme.
The FIA is continuing to investigate car showroom owners in Karachi for trade-based money laundering which is a type of the illicit practice that uses international trade transactions to move illegal money.
In a recent raid, the FIA seized four luxury vehicles, including a Land Cruiser and an Audi, from a car showroom on Khalid bin Waleed Road.
The showroom owner had been asked multiple times to appear before the FIA team, but he failed to do so.
The agency has also issued notices to the owners of 13 other car showrooms in Karachi.
Earlier this week, the FIA raided the residence of a businessman named Aziz Seekha in Karachi and recovered a large amount of foreign and Pakistani currency as well as prize bonds.
