Curbing money laundering: FIA arrests Javed Khanani

KARACHI: The Federal Investigation Agency (FIA) arrested Javed Khanani, one of the directors of money exchange firm Khanani and Kalia International, on charges of transferring foreign currency worth Rs140 million out of Pakistan. The FIAs’ State Bank circle has also apprehended the general manager of the firm, Taufeeq, and registered an FIR under the anti-money laundering act. The spokesperson for FIA said the action was taken when the federal government directed them to initiate the crackdown against those involved in transferring the currency through Hundi and Hawala. “The investigations are underway and more people are expected to be arrested on likely tip-off by Javed Khanani,” said the spokesperson.

Published in The Express Tribune, December 30^th, 2014.