Khanani and kalia pakistan karachi

Hanif S. England did not cooperate an iota about Zardari money. You won't hear Pakistan government bringing any criminals to justice. Categories : Financial services companies of Pakistan Foreign exchange companies Scandals in Pakistan Fraud in Pakistan Finance fraud Pakistani companies established in Financial services companies established in Pakistani companies disestablished in Felony or Indictable offense Infraction also called violation Misdemeanor or Summary offense.

The report is that Pakistan occupy third position as investors in Dubai proerty. Riaz M M. Besides, the services of a number of exchange firms and agents in foreign countries were acquired that caused a loss of billions of dollars to the national exchanger. Ahmad Rafay Alam Sanjay Upadhyay. The company was investigated as over 40 billion US dollars passed through the company.

Since then Khanani and Kalia has no functionality of such business.. Timeto stopthis. They use it by themselves.

Khanani store

Nov 17, am. A war of egos has been fought between a handful of individuals at the cost of the well-being of millions of ordinary Pakistanis. Arooj Waheed Dar. Wherever it is not desirable, name appears. In August , a second foreign exchange company in Pakistan Zarco Exchange was accused of similar allegations and also had its license revoked and forced to shut down.

The exchange company was banned about five years ago and their offices were sealed by the FIA. Read Edit View history. It is not even peanuts compared to what US and EU bankers has done or are doing. The investigation officer had submitted in the court two copies of the charge-sheet, one under the Foreign Exchange Regulation Act , and the other under the Prevention of Electronic Crimes Ordinance, On March 5, , the directors of Khanani and Kailia International and four bankers were acquitted of all charges due to lack of evidence.

USA Today.

Hawala

Flow of illegal money is believed to be high from Pakistan particularly to Dubai, two months back Pakistan was placed among top three investors in Dubai property. A money changer, who wished not to be identified, said Haji Haroon, another money changer, has been picked up by security agencies in connection with money laundering.

The Dar-made rules of taxing remittances and heavy withholding tax on money withdrawals from banks are the nighmares even for the well to do people, not to talk of the poor who rely entirely on small amounts of money sent to them by their dear ones, working abroad just for their hand-to-mouth living families. The judge cited the prosecution's failure to present evidence that directly implicated the defendants.