In a stunning development the Kings of Hawala, and Hundi (Munaf Kalia and Javed Khannani of Khannani and Kalia Co.) were arrested a week back in Pakistan, on charges of transferring a huge amount of foreign currency out of Pakistan illegally. The information gathered from the computer captured from the company revealed transactions of Billions of Rupees.
The most intriguing thing is that how they were allowed to do this illegal business for so long. Khannani and Kalia have about 70 branches throughout Pakistan, and their Daily earning is supposed to be in the region of crores (hundred millions) of Rupees. Certainly the involvement of higher-ups cannot be ruled out. The government must investigate thoroughly and take action accordingly and quickly because timeframe is crucial in such matters, else it will drift into oblivion.
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