Illegal remittances: Bail for Time Money Exchange Company CEO
Applicants are Muhammad Qasim, the CEO of Time Money Exchange Company, and its manager Sikandar S Lalani.
KARACHI:
Justices Gulzar Ahmed and Shahid Anwar Bajwa granted bail to two men who are allegedly involved in the illegal remittance of foreign currency.
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.
Justices Gulzar Ahmed and Shahid Anwar Bajwa granted bail to two men who are allegedly involved in the illegal remittance of foreign currency.
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.