KARACHI – A judicial magistrate remanded on Saturday Pakistan Stock Exchange Chairman Hussain Lawai into Federal Investigation Agency’s (FIA) custody for four days.
The Pakistan Stock Exchange chairman and a close friend of former president Asif Zardari will remain in FIA’s custody until July 11.
The FIA grilled on Friday Lawai over his alleged involvement in the money-laundering scam involving billions of rupees.
https://en.dailypakistan.com.pk/pakistan/fia-investigates-hussain-lawai-in-money-laundering-case/
Lawai was summoned for investigation by FIA banking circle on Friday morning.
According to FIA sources, Lawai is accused of operating more than two dozen benami accounts to launder billions of rupees abroad.
Lawai is accused of laundering Rs35 billion and is under investigation by FIA. It is the same case for which PPP has demanded DG FIA be changed.
Twenty-nine accounts belonging to seven people have been used to launder around Rs35 billion in Sindh, according to the FIA, which is being called the ‘biggest money laundering case in Sindh’.
These people made accounts in three banks, including Summit Bank and Sindh Bank. The accounts are reportedly used by Anwar Majeed, another of Zardari’s close aides, and employees of the Omni Group.
Lawai was also reportedly stopped at Karachi’s Jinnah International Airport to leave the country last month over allegedly dubious banking transactions.
The amount is black money gathered from various kickbacks, commissions and bribes. But despite these huge transactions, the bank authorities never reported to the authorities concerned including FIA.
