KARACHI - Federal Investigative Agency (FIA) on Sunday arrested two people of a money exchange company for being allegedly involved in money scam. According to the FIA sources, the arrested men including Chief Executive Officer (CEO) Muhammad Qasim and Branch Head Sikandar Lalani of Time Money Exchange were allegedly sent millions of foreign currency to abroad via Hundi system. The agency has also nominated a director of the company named Muhammad Saleem and account holder Yousuf in the case, both of them are settled in Dubai. The FIA investigators said the accused transferred millions of foreign currency to China, USA, European countries and Dubai through fake accounts. After collecting the evidences against the company and their involvement in the crime, a team of FIA raided on their office and arrested the both. FIA officials also seized computer hard disks and receipts from the office. The investigators said that they transferred foreign money worth of Rs174 million through two fake accounts on the name of Yousuf to foreign countries. A case has been registered against them under the Foreign Exchange Regulation Act.