The Federal Investigation Agency (FIA) on Friday arrested ex-president Asif Ali Zardari’s close ally Hussain Lawai, former head of Summit Bank, over Rs 25 billion money laundering scandal in Sindh. Hussain Lawai is also the Pakistan Stock Exchange (PSX) chairman. Last month, Lawai, was stopped by the FIA from leaving the country from Karachi’s Jinnah International Airport allegedly in connection with suspicious bank transaction worth billions of rupees. Talking to a private TV channel at the time, Lawai did not say why he was stopped from leaving the country but confirmed that he was barred from going abroad. He said he was unaware as to why he was stopped from travelling abroad and was directed to approach the FIA’s Karachi office for recording a statement and face an inquiry. The FIA said Lawai was allowed to go home following an undertaking that he would appear before it to record his statement in relation to the inquiry.Lawai has over 40 years of banking experience and has served as the CEO and president of Summit Bank Limited from November 2008 until February 21, 2016. He had also served as the CEO and president of Atlas Bank Limited, MCB Bank, and country’s general manager Faysal Islamic Bank and Union Bank of Middle East. Published in Daily Times, July 7th 2018.