[3] He was born in 1961 to a Memon family who were originally from Gujarat, India before migrating to Pakistan after independence.
Among others, the organization moved money for drug cartels, biker gangs, Hezbollah, al-Qaeda and the armed terrorists behind the Mumbai attacks of 1993 and 2008.
[6][7] Khanani was arrested in September 2016 in Panama by the US Drug Enforcement Administration,[6] and transported to jail in the United States.
[5] In a plea bargain, Khanani pleaded guilty to a single count of conspiracy to commit laundering.
His sentence included 68 months in prison, a $250,000 fine,[8][6] blacklisting by the United States along with his son Obaid Khanani and nephew Hozaifa Khanani,[5] and his money laundering network has been designated as a Transnational Criminal Organization under the SDN by the United States Department of the Treasury's Office of Foreign Assets Control.