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10/11/2008  
 Headlines: Senate told Seven airports shut in country,     ISB: The Senate was informed Friday that seven airports in different cities have been closed due to suspension of PIA flights.     The PIA suspended the flights due to a daily loss of Rs19 million during last year.     Suprem Court orders arrest of Gilani’s ex-PRO,     ISB: SC has asked the FIA to arrest former media coordinator of the prime minister, Khurram Rasool.     Present him in the court on 24th January otherwise action would be taken against the Agency.     Khurram Rasool is accused of corruption of Rs530 million.     Musharraf denies delay in return,     LONDON/KARACHI: Former military ruler & chief of (APML) Pervez Musharraf has rejected reports about suspension of programme to return home.     he would be back in Pakistan according to the scheduled programme.     SBP injects Rs 242.5bn in market,     Trade thru dry port fetches Rs1bn tax,     India SC rejects army chief’s plea,     100 more engines by year-end: Bilour,
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www.thefinancialdaily.com



 Moneychangers take "arrests" to task



Javed Khanani remanded; Munaf Kalia to be produced in court tomorrow
Interpol to deepen the probe: DG FIA
Zafar Ahmed
KARACHI: Forex Dealers Association President, Malik Bostan has said that the foreign exchange dealers bring $7-8 billion in the country everyday and such action against dealers was highly deplorable and uncalled for.
Talking to a private news channel, Malik Bostan said that he met Munaf Kalia (courtesy Director FIA) and he told him that Khanani & Kalia Company was not involved in Hundi or Hawala business but the owner of Dunya Moneychangers who runs a franchise of the company.
Munaf in a statement has said that FIA does not have the right to seal office or property of any moneychanger.  According to rules FIA would report to the State Bank about the irregularity, and thereafter, SBP would serve show-cause notice on the moneychanger. After that the particular company would investigate into the matter. If evidence is found, then only central bank has the right to seal the company.
 Bostan added that moneychangers from across the country would meet tomorrow (Tuesday) to finalise the future line of action.
The joint investigation team is interrogating Manaf Kalia extensively to elicit more information regarding the missing links, hidden players, and accomplices.
Munaf will be produced before the court for remand on Monday.
The sources said that if Lahore police sought his custody for further interrogation, he could be handed over to the investigation team.  Meanwhile, police appear to have made some headway in the ongoing interrogation after collecting some important information from the computerised data of detained accused.
Furthermore Special Duty Magistrate handed over Javed Khanani to FIA, while the FIA will present the financial scandal accused in the court of Area Magistrate, Faisal Jamil. 
A large number of moneychangers were present on this occasion shouting slogans against FIA.
FIA Director-General Tariq Pervaiz has said that people involved in the country's major financial scam would be arrested with the assistance of Interpol.
Talking to media, Tariq Pervaiz said that the action against money changers was not a sudden decision. "We have been working on this assignment since long, now we have expanded the circle of investigation across the country and we are enquiring about accounts to which, the illegal transaction of billion of dollars was made", he said.