A trial court has convicted three accused, including Bahria Town Vice Chief Executive retired Colonel Khalil ur Rehman, in a case involving the illegal transfer of Rs1.7 billion abroad through hawala/hundi channels.

Additional District and Sessions Judge Nasr Minallah Baloch found the accused guilty under the Foreign Exchange Regulation Act (FERA) and sentenced each of them to one year of simple imprisonment along with a fine of Rs500,000.

The other convicted individuals are alleged hawala agent Muhammad Imran, also known as Imran Kaka, and property dealer Muhammad Mushtaq Ahmed.

The case stemmed from FIR No. 48/25, registered by the FIA Islamabad on July 9, 2025, under Sections 4, 5, 8, 9, and 23 of FERA. Investigators alleged that the accused illegally transferred around Rs1.7 billion overseas through hawala/hundi networks for various Bahria Town projects, bypassing Pakistan’s regulated banking system.

The prosecution argued that the transactions violated foreign exchange laws by moving funds abroad without approval from the State Bank of Pakistan. After examining the evidence, the court held that the prosecution had successfully proved the charges and awarded the sentences.

Barrister Fahad and Advocate Usman Rana represented the state during the trial. The convictions mark a significant development in FIA’s crackdown on illegal foreign exchange operations and hawala/hundi networks.