KARACHI: The Federal Investigation Agency (FIA) has foiled a major bid of money laundering during their latest action carried out in Karachi, where they seized a huge amount of local and foreign currencies. FIA State Bank Circle officials thwarted a bid to launder a huge amount of Rs 26 million during the latest raids conducted in Saddar and II Chundrigar Road areas of the metropolis. According to reports, local currency up to Rs 19.6 million and foreign currency worth up to 6.4 million was seized by the agency. The raids were conducted at offices of H&H Company while five accused persons were arrested. It is pertinent to mention here that H&H Company is being investigated by a joint investigation team (JIT) probing fake accounts case over alleged connection with illegal transfer of money abroad. Asif Ali Zardari, his sister Faryal Talpur and other accused are facing an inquiry into the money laundering scam involving over Rs 35 billion allegedly laundered through fake bank accounts. Zardari’s close aides Hussain Lawai and Anwar Majeed are also being investigated in the scandal and are in custody.