Khanani & Kalia case: SHC seeks plan for dealing with funds

KARACHI: The Sindh High Court has directed the State Bank of Pakistan Governor Shahid Kardar to place any plan chalked out for dealing with funds of the private foreign exchange firm, Khanani & Kalia International, before the court.

The firm has been allegedly involved in money-laundering. A bench of the Sindh High Court, comprising Chief Justice Sarmad Jalal Osmany and Justice Salman Hamid, had also directed the superintendent of Karachi Central Prison to bring the directors of the firm, Munaf Kalia, Hanif Kalia and Javed Khanani, to court on December 23.

The directors are currently imprisoned on charges of money-laundering.

Published in The Express Tribune, December 23^rd, 2010.