Federal Investigation Agency (FIA) has registered multiple cases against PTI leader Jahangir Tareen over alleged fraud and money laundering pertaining to sugar scandal.
As per details FIA has accused Jahangir Tareen of transferring illegal shares to Farooqi Pulp Mills Limited (FPML) – owned by his son Ali Tareen and relatives.
Jahangir Tareen has also been accused of money laundering and fraud by illegally transferring Rs 3.14 billion to his son-in-law’s non-functional paper factory.
The second FIR has named Amir Waris, a close aid of Jahangir Tareen, who is accused of making illegal transactions from the company accounts and drawn over two billion rupees. He also illegally deposited the amount in personal accounts of Jahangir Tareen and his family members.
Meanwhile, former agricultural secretary and another confidant of Jahangir Tareen Rana Naseem, is also accused of being involved in financial embezzlement during sugarcane purchasing. Mr Waseem has also served as chief financial assistant in Jahangir Tareen’s company.
Rana Waseem had reportedly Rs 600 million from JWD’s accounts.
FIR lodged by FIA includes sections 406, 420 and 109 of the Pakistan Penal Code with Section 3/4 of Anti-Money Laundering Act, 2010.
During the inquiry a fake account was also found, which was used for around six billion rupees illegal transactions. The fake account was used for transactions in accounts of various companies of Jahangir Tareen, argued FIA.
Jahangir Tareen Claims Innocence
Meanwhile, Jahangir Tareen has claimed innocence terming FIA’s allegations as ‘baseless’. Mr Tareen has highlighted that a private audit firm has already validated the accounts of his companies.
FIA's latest claims against me and my family are totally fabricated. I have already submitted a detailed reply along with concrete evidence in response to FIA notice. Unfortunate to see them go on another smear campaign against me & my family without establishing anything illegal
— Jahangir Khan Tareen (@JahangirKTareen) March 31, 2021
FIA’s latest claims against me and my family are totally fabricated. I have already submitted a detailed reply along with concrete evidence in response to FIA notice. Unfortunate to see them go on another smear campaign against me and my family without establishing anything illegal, he said.
