Tuesday, March 22, 2011

http://www.thenews.com.pk/TodaysPrintDetail.aspx?ID=37386&Cat=4&dt=3/22/2011

Hanif Kalia, director of a foreign exchange company allegedly involved in money laundering, did not appear in the court on Monday due to which the case was adjourned till April 5.

When the case came up for hearing in the court of District and Sessions Judge (South) Hasan Feroze, three of the suspects, Javed Khanani, Munaf Kalia and Atif Aziz Polani were produced before the judge. Hanif Kalia did not turn up as he was in hospital for treatment, his lawyer said.

Hanif S Kalia, Abdul Munaf Kalia, Javed Khanani and Atif Polani were booked by the FIA on the complaint of the State Bank of Pakistan for illegal foreign exchange transfer and running parallel banking.

According to the FIA, the applicants indulged in huge illegal transfers of foreign exchange worth billions of US dollars in collusion with different exchange companies, money changers and businessmen

The nine of the officials of Khanani and Kalia International Group were nominated in an FIR against illegally transfer of money abroad. Of the nine, two were detained in Central Prison under B (better) class while Hanif Kalia was presently in hospital. Munaf Kalia and Javed Khanani currently under detention were produced in the court.

Munaf Kalia, a director of a leading foreign exchange company and his partner Javed Khanani were arrested on the charges of the country’s biggest money laundering scam by the FIA from Karachi and Lahore respectively.

Hanif Kalia, elder brother of Munaf Kalia, who is also facing the same charge was arrested by the Federal Investigation Agency (FIA) from his apartment in Clifton. All three are in jail custody in an alleged involvement in money laundering scam and illegally transferring money abroad.