The Federal Investigation Agency (FIA) has registered cases of fraud and money laundering against PTI leader Jahangir Tareen and his son Ali Tareen, it came to light on Wednesday.
The FIA Lahore investigation team registered cases against the accused on March 22 for alleged forgery worth billions of rupees. According to the FIR, two separate cases were registered under Section 406 (breach of trust), 420 (fraud of public shareholders) and Section 109 of the Pakistan Penal Code (PPC) under the Anti-Money Laundering Section. Read with 3/4. Act A complaint states that Jahangir Tareen transferred Rs 3.25 billion from JDW Company to his son-in-law’s closed paper manufacturing company Farooqi Pulp. The money was then transferred to the accounts of various family members, the authority said. The FIR states, “This exchange, especially after the financial year 2011-2012, was clearly a fraudulent investment which ultimately translated into the personal benefits of the JDWEO family member.” “
It said that during this period, his son and another member of his son bought cash (US dollars) from the Lahore open market in an “organized manner”. “As a result, in 2016, Ali Khan Tareen sent approximately 7.4 million to the UK for the purchase of properties (which should be investigated in detail during the investigation) which made him responsible for the money laundering investigation. Is.” The FIA said Tareen, his sons-in-law Waleed Akbar Farooqi and Shahid Akbar Farooqi beneficially controlled the FPML and personally benefited from the scheme.
In the second FIR, the investigating agency said that “a massive refund of at least Rs2.2 billion was made through fraud and dishonesty by a credible cash rider.” It noted that Amir Waris, a cashier at JDW’s corporate head office, had deposited large sums of money in the personal and business accounts of Tareen and his family members.
“This modus operandi of cash-based misuse and money laundering was used to defraud the accused and the money deposited in the family’s personal and business accounts,” he said.
It also said that JDW CEO Rana Naseem Ahmed was also given a large sum of Rs 600 million from the company’s account. They claim huge sums of money in the form of salaries, bonuses and ‘softly agreed’ benefits.
Earlier this week, the FIA summoned the chief financial officers (CFOs) and the heads of sales of eight major sugar groups in connection with the ‘speculative price hike’ of sweets. The FIA summoned the Chief Financial Officers (CFOs) and the heads of PTI’s Jahangir Tareen’s JDW Sugar Mills, Maryam Nawaz on May 2 and Chaudhry Sugar Mills of the Sharif family on March 31. Opposition leader Hamza Shahbaz’s Ramzan Sugar Mills was summoned on April 2, Kisan Group’s Madina Sugar Mills on April 7, Hamza Sugar Mills on April 8 and three others in the sugar scam. The owners of these sugar groups will be called in at a later stage.
Pakistan Tehreek-e-Insaf (PTI) leader Senator Shibli Faraz on Wednesday said that the sugar mafia cannot escape accountability, even if it belongs to a party including the ruling Pakistan Tehreek-e-Insaf (PTI).
In a tweet, he blamed experts and the mafia for creating uncertainty in the market, which led to the rise in sweetener prices. He said that Prime Minister Imran Khan always upheld the interest of Pakistani people. “The law will take non-discriminatory action against those who will deal with the iron fist against obstructing the relief efforts of the people,” he added.
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