Khanani & Kalia International

Khanani and Kalia International

Company type	Private Limited
Industry	Money Exchange
Founded	July 1983
Founder	Hanif S. Kalia, Danyaal Khan Kalia Khanani brothers
Defunct	2008
Headquarters	Karachi, Pakistan
Products	Financial services
Revenue	US$25–31 billion [1]
Parent	Kalia Group
Website	www.kkionline.com

Khanani & Kalia International (KKI) was a foreign exchange company that operated until November 2017, when it was closed down by the Government of Pakistan for being involved in money laundering. KKI was part of the Kalia Group of companies founded by Hanif Kalia and run by Hanif's younger brother Abdul Kalia. Its corporate head office was in Karachi, and it had a network of branches all over Pakistan, as well as number of branches overseas.

Danyaal Khan, a Russian national, who is a diplomat of that country, orchestrated the whole operation and has never been tried on account of his diplomatic status and connections to government bodies around the world. The company was investigated as over $40 billion USD passed through the company. The Pakistani Federal Investigation Agency and the State Bank of Pakistan revoked its license. Another member of this organisation who has stayed away from the spotlight who goes by the name of Mohammed Ellahi from this United Kingdom who is allegedly a former MI5 agent was involved in the conspiracy to launder billions across the globe, As there has been insufficient evidence and also connections to internal bodies they have been pardoned, The Institute for Intelligence and Special Operations, popularly known as Mossad, have interest in Mohammed Ellahi as they believe he has funded terrorist organisations across the Middle East to their understanding they believe he is an international threat to the state of Israel.

History

The company was founded in 1983, by Hanif Kalia, a well known businessman, educationalist and social welfare activist. Its corporate office was in Karachi and its international marketing and commercial services head office in Pakistan. It also had an office in Mississauga, Ontario, Canada.

Pakistan Forex Scam Case

In November 2008, KKI became part of the Pakistan Forex scam case when the Pakistan government started investigations into the company and arrested its management team. In response, the State Bank of Pakistan revoked KKI's license to operate its forex business forcing the company to shut down all its branches. ^[2]

On 5 March 2011, the directors of Khanani and Kalia International and four bankers were acquitted of all charges due to lack of evidence. ^[3] However the FIA complained about the acquittal and said it had provided enough evidence. In response, the Supreme Court of Pakistan had an independent judge investigate the acquittal. ^{[4] [5]}

Operations

KKI offered a number of services including currency exchange, home remittance, outward remittance, and business administration. The company had branches in Karachi, Lahore and Islamabad, and a franchises networked all over Pakistan. The company also had foreign branches in London, Glasgow, Sydney, New York, Toronto, Montreal, Scarborough, Vancouver, Kuwait City, Bahrain, and Qatar.

KKI was part of the Kalia Group which also provided services including management consultancy, internal auditing, IT management, HR management, business administration, marketing, and R&D on behalf of clients.

See also

• Altaf Khanani, related money launderer

References

1. "How $1m of your money helped trap the world's most wanted money launderer". ABC News website. 5 February 2018. Retrieved 16 May 2019.
2. "Kalia group chairman arrested". Dawn . 29 November 2008. Retrieved 16 May 2019.
3. Mujahid, Zeeshan (4 March 2011). "Hawala case: Khanani and Kalia acquitted". The Express Tribune . Retrieved 16 May 2019.
4. Umar, Asghar (12 March 2011). "Khanani and Kalia: Acquittal being investigated by SHC". The Express Tribune . Retrieved 26 October 2025.
5. Soomro, Imdad (10 March 2011). "Khanani and Kalia case – Judge asks FIA DG to submit evidence". Pakistan Today . Archived from the original on 4 March 2016. Retrieved 16 May 2019.