LAHORE: The Federal Investigation Agency (FIA) has booked PTI leader Jahangir Khan Tareen and his son Ali Tareen and PML-N President Shehbaz Sharif, his sons Hamza and Salman on charges of money laundering and fraud.
Sources said, “FIA is investigating the accused for their alleged involvement in the sugar scandal and money laundering scams”. Separate FIRs have been registered against them under various sections of the Pakistan Penal Code (PPC).
Investigators probing the cases said a huge amount of Rs 25 billion was deposited in the Sharif Group’s bogus companies from 2008 to 2018. The amount was transferred into the bank accounts of Ramazan and Al-Arabia sugar mills’ employees.
On the other hand, the federal agency accused Jahangir Tareen and his son of submitting a bogus report about a business deal.
Sources from the agency disclosed that JDW bought JKSFL for Rs4.35 billion and submitted a forged report about the deal. It added the JDW committed fraud by using public shareholders’ money for the purchase.
The case has been lodged against the father-son duo include sections 406 (punishment for criminal breach of trust), 420 (cheating), and 109 (abetment) among others.
On September 21, the Federal Investigation Agency had discovered billions of rupees stashed in bank accounts of staffers of Salman Shahbaz, the son of PML-N president Shehbaz Sharif.
The banking crime circle of FIA found a staggering Rs 9.5 billion in bank accounts of staffers working at the Ramazan and Al-Arabia Sugar Mills.
Giving a breakdown of the discovered amount, FIA said Rs 2.3 billion was found in a bank account of a peon, Maqsood, who also purchased a luxury car worth more than Rs15 million.
The agency further said a sum of Rs1 billion was discovered in an account owned by Shahbaz’s clerk Shabbir Qureshi while Rs 240 million was found in the account of another employee, Rana Wasim.
According to sources, the agency has referred the matter to a combined investigation team (CIT) in addition to seeking details of accounts of the employees in different banks.