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Forex Scandal Khanani and Kalia KARACHI News: Javed Khanani and munaf kalia , officials of the Khanani and Kalia International (Pvt) Ltd. (KKI). Confessed to having illegally rimmit million of dollars from Pakistan in five years. Javed Khanani was arrested in Lahore on Friday night. The FIA raided a Dunya International Moneychangers (KKI franchise) in Gujranwala and 5 vouchers of Havala (an illegal way of transferring remittance) and seized 786,000 dollars. Federal Agency that they knew little about the embezzlement of foreign currency and named Munaf Kalia and Javed Khanani as masterminds. The FIA, Lahore had conducted raids for 3days after it intercepted a telephonic conversation on 5th of November about the illegal transfer from Gujranwala of about 1 million dollars. The agency also detained Rustam Khan manager of franchise and Tariq Mahmood accountant and seized data about the illegal remittance of greenbacks. Hundi and Havala are the two popular channels of illegal transfer of remittance from Pakistan. Munaf Kalia and Javed Khanani had confessed that they were asked by peoples to transfer their foreign currency to their friends and relatives outside. This transfer of foreign currency has resulted in a massive downward slide in the Pakistan�s forex reserves, which have depleted from around $16 billion in 2007 Oct and now stand at less than $ 7 billion. Officials of the State Bank and the government of Pakistan have been expressing apprehension for quite sometime about envolvement of money changers in the dollar smuggling. From Lahore: Federal Investigation Agency, Lahore has revealed that investigate of the case showed that Munaf Kalia and Khanani are shared equal responsibility in the illegal business. For further questioning Munaf Kalia would be brought to Lahore. (FAP) Association of Forex Pakistan said that the agency will not arrest forex dealers & money changers. Chairman of KKI (Khanani and Kalia International (Pvt) Ltd.) were arrested after securing evidence of an illegal transfer of remittance.