Lawai removed as PSX chairman

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By Staff Reporter

KARACHI: The Pakistan Stock Exchange (PSX) has announced to remove renowned banker Hussain Lawai as its chairman. The banker facing inquiry into Rs35 billion money laundering case was arrested by the  FIA on July 6.

After his arrest, the SECP had issued a letter to PSX CEO Richard Morin demanding his removal from the PSX Chairman post.

FIA officials say 32 people are being investigated for laundering billions of rupees.

The Supreme Court had taken a suo moto notice after media reported the alleged money laundering through banks.

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