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ISLAMABAD: The Federal Investigation Agency (FIA) has filed two FIRs against political stalwart Jahangir Tareen and two family members in sugar scandal and money laundering charges,
FIA Lahore registered cases against CEO JWD Sugar Mills, Jahangir Tareen, his son Ali Tareen and son-in-law in the sugar scam. It stated that the were involved in money laundering by showing an investment over Rs3 billion in a closed factory.
The investigation agency has also charged Tareen and others for illegal hoarding of sugar, misappropriation and cheating. It said that Tareen transferred Rs3.14 billion rupees to a closed company.
According to the report, Tareen and family members transferred over three billion rupees to Farooqi Pulp Milk in 2011-12. They also purchased dollars from the open market and transferred over seven million dollars overseas for purchase of properties.
In another FIR, the FIA charged that Amir Waris, a close confidante of Tareen, made illegal transactions from the company accounts and withdrawn over two billion rupees. It added that Waris had illegally deposited the amount in personal accounts of Jahangir Tareen and his family members.
The FIR stated that a fake account was also found during inquiry which was used for illegal transactions for around six billion rupees. The fake account was used for transactions in accounts of various companies of Jahangir Tareen.
The inquiry found that the company’s chief Rana Naseem acted as main aide and made over 600 million rupees transactions from JWD’s account. Rana Naseem has claimed that the transactions were made for payment of salaries and bonuses, while the company was in deficit for last five years.
The FIA has charged that Jahangir Tareen, Amir Waris and Rana Naseem have been involved in money laundering.
The FIA Lahore office had summoned the representatives of sugar mills on March 31 and directed them to bring relevant records of sugar stocks sold through the betting mafia from November 2020.
The sugar mills have also been directed to produce the record of sugar stocks that were declared sold before the Federal Board of Revenue (FBR) from November 1, 2020. It was also directed to provide details of all corporate and other bank accounts owned by the sugar mills.
The FIA has sought records of all TTs (telegraphic transfers) from the mills. The agency had also issued call-up notice to JWD Sugar Mills of Jahangir Tareen on April 2.