The Federal Investigation Bureau (FIA) on Friday has taken into custody the Chairman of Karachi Stock Exchange (KSE) and former president of various banks Hussain Lawai for further investigation in money laundry scandal.

Almost 29 unnamed banks account opened in the name of seven people in three banks including Summit Bank and Sindh Bank to launder money around 25 billion, FIA sources told.

Hussain Lawai who is considered to be a close friend of former president Asif Ali Zardari was stopped by FIA officials from going abroad via Jinnah Airport Karachi on June 26.

Malik Riaz son-in-law, Zain Malik was also stopped from going overseas. Shahrukh Jatoi’s father Sikandar Jatoi along with Zain Malik deposited 2billion rupees into the accounts that were suspected to use launder money from Behria Town and other housing projects.