They were granted bail against a solvent surety of Rs500,000 each and a personal bond of the same amount on Tuesday. The applicants are Muhammad Qasim, the CEO of Time Money Exchange Company, and its manager Sikandar S Lalani.
According to the prosecution, the men were given a licence to work as money changers but they allegedly transferred foreign exchange from Pakistan.
Published in The Express Tribune, May 25th, 2011.
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