The Federal Investigation Agency (FIA) has registered two FIRs against Jahangir Tareen and two other sugar scams and money laundering relatives.
FIR register cases
FIA Lahore enlisted complaints against JDW Sugar Mills, Jahangir Tareen, his son Ali Tareen and son-in-law in the sugar scam. He falsely stole investors’ cash after his JDW group moved Rs3.14 billion to an associated privately owned business known as Farooqi Pulp Private Limited (FPML). The FIR expressed that his sons and close family members run the privately held company. LIKEWISE, the FIA team has charged Tareen and others for unlawful storing of sugar and cheating in the FIR.
Illegally transferred dollars
According to FIR, in the year 2011-12 more than three billion rupees were moved to Farooqi Pulp Milk Ltd, as indicated by the case. In that years, Tareen and family members additionally bought dollars from the open market. His chosen people transferred more than 7,000,000 dollars abroad for the purchase of properties.
Fake accounts discovered
During the investigation, a fake account was likewise discovered, which was utilized for around six billion rupees illegal transactions in accounts of Jahangir Tareen’s different organizations. The investigation team found that the organization’s chief, Rana Naseem worked as a primary assistant, made more than 600 million rupees transactions from JDW’s accounts. He stated that those deals were made for salaries and bonuses; as per FIR, the organization was shortfall for the most recent five years.
sugar scams and money laundering
The FIA has charged in the FIR that Jahangir Tareen, Amir Waris, and Rana Naseem have been involved in sugar scams and money laundering cases. Tareen sat upon the FIA and said the allegations against him and his family were utterly false.
Additionally, he added, I have effectively put forward a detailed answer with solid proof in response to the FIA notice. Not happy to see them go on another false attack against my family and me without setting up anything illegal.
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