KARACHI The Federal Investigation Agency arrested on Friday Hanif S. Kalia, chairman of the Kalia Group, which runs nearly a dozen businesses across the country, for his group's alleged involvement in money-laundering.
Hanif S. Kalia is elder brother of Abdul Munaf Kalia, director of the Khanani & Kalia International, who was arrested earlier this month along with another director Javed Khanani on charges of illegal transfer of millions of dollars from the country.
'The FIA arrested Hanif S. Kalia from an apartment in Clifton,' an official confirmed without giving details about charges against him and his whereabouts after the arrest.
However, sources claimed that he had been arrested under an FIR registered in Lahore by the agency.
'The FIA is likely to present him before a judicial magistrate in 24 hours to seek interim remand,' the sources said, adding that he would then be taken to Lahore to appear before court and further investigations were carried out by an FIA team in Lahore.
The FIA has arrested more than a dozen officials of the company since November 7. The agency has been interrogating them in two cases registered in Karachi and Lahore.