KARACHI, Nov 21: A judicial magistrate (south) on Friday remanded two top officials of a foreign exchange firm in the custody of the Federal Investigation Agency till Nov 26 for their alleged involvement in illegal transfer of foreign currency from Pakistan.

The FIA had arrested Munaf Kalia of Khanani and Kalia International on the night of Nov 7 in Karachi while his business partner Javed Khanani and others were arrested in Lahore and Gujranwala on a charge of money laundering.

Munaf Kalia and Javed Khanani were produced in the court of the Xth civil judge and judicial magistrate (south), Asif Ahmed, amid tight security.

The detained foreign exchange dealers were handed over to FIA Karachi by the authorities in Lahore on Nov 20, as a case (FIR76/08) under the Foreign Exchange Regulation Act 1947 and the Pakistan Penal Code was registered against them at the FIA crime circle branch, Karachi.