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WEEKLY
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Arrested money dealer admits link to forex scam |
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Updated at:
0230
PST, Sunday, November 09, 2008 |
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KARACHI: Arrested director of a local money changer company Munaf Kalia has confessed his involvement in illegal transfer of foreign exchange to abroad, Federal Investigation Agency (FIA) sources told ARY OneWorld.
Munaf Kalia was arrested during raids in Karachi to arrest people involved in illegal transfer of foreign currency to abroad.
The names of six big money exchangers have also been included in the exit control list.
FIA has detained another money dealer Javed Kalia in Lahore.
According to the sources, during the fiscal crisis in previous weeks massive amounts of foreign exchange were illegally transferred out of the country.
The FIA conducted raids in various parts of Karachi and detained more than 12 persons including Munaf Kalia and 10 officials of the National Database Registration Authority (NADRA). The NADRA officials said to be involved in providing counterfeit identity cards.
The FIA has formed more teams to broaden the investigations.
The offices of a major money exchange company located at I.I. Chundrigar Road have been sealed and the offices of other firms dealing in foreign exchange in Karachi and Lahore being monitored.
Meanwhile, the agencies have launched operation against illegal money changers in Peshawar. It is pertinent to mention that around 78 illegal dealers deal in foreign currency in Peshawar, which said to be involved in transfer of US dollars to Afghanistan.
According to reports, the law enforcers have completed preparations to start crackdown against illegal money dealers in Quetta. |
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ISSN 1563-9479 
