Javed Khanani, director of Khanani and Kalia International money changers, committed suicide in Karachi on Sunday.
Khanani died after falling from an under-construction building in Karachi.
Previously Javed Khanani and Munaf Kalia were arrested by the Federal Investigation Agency (FIA) in a dramatic raid in November 2008, when a complaint was lodged against one of their franchises in Gujranwala after discovering parallel money transfer system which was being operated by their company for purposes of transferring money out of the country through illegal channels.