RECORDER REPORT

KARACHI: Federal Investigation Agency (FIA) on Friday questioned Hussain Lawai, Chairman Pakistan Stock Exchange (PSE) over his alleged involvement in money-laundering scam involving billions of rupees.

Hussain Lawai, a seasoned banker by heading various banks was summoned for investigation in a money laundering scam.

Sources in PSE confirmed that Hussain Lawai was summoned for investigation by FIA banking circle in the morning.

According to FIA sources, Hussain Lawai is accused of operating more than two dozen benami accounts to launder billions of rupees abroad. Hussain Lawai was also reportedly stopped at Karachi’s Jinnah International Airport to leave the country last month over allegedly dubious banking transactions.