Federal Investigation Agency (FIA) sealed the head office of Zarco Money Exchange Company on Saturday for alleged illegal transfer of Rs 45 billion from the country and also arrested its acting Chief Operating Officer of the company. It may be noted that the owner of the Zarco Exchange, Lakht-e-Hussain, has been absconding. His arrest warrants have been issued and FIA is conducting raids to arrest him.
It is interesting to note that Zarco Exchange was launched during Musharraf regime, inaugurated by the then President General Pervez Musharraf himself. During the raid on the Zarco head office, FIA officials confiscated computers and other records of the company immediately. Besides the acting COO, a few other officials of the company, are also being interrogated by the FIA.
Sources said the company offices in other cities have also been sealed by the FIA and it is expanding the scope of interrogation from time to time. It may be mentioned that the FIA had earlier conducted operation against another leading firm of the country Khanani & Kalia on similar charges last year. No one from the Zarco Exchange could be reached for comments.
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