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FIA recordsdata case towards Jahangir Tareen in sugar rip-off, cash laundering

FIA files case against Jahangir Tareen in sugar scam, money laundering
The Federal Investigation Company (FIA) has filed two FIRs towards Jahangir Tareen and two different members of the family in sugar scandal and cash laundering fees, on Wednesday.

FIA Lahore registered circumstances towards CEO of JWD Sugar Mills, Jahangir Tareen, his son Ali Tareen and son-in-law within the sugar rip-off.
“Over three billion rupees cash laundering made by exhibiting funding in a closed manufacturing unit,” in line with the FIR.

The investigation company has additionally charged Tareen and others for unlawful hoarding of sugar, misappropriation and dishonest within the FIR.

CEO of JWD Sugar Mills in an act of forgery transferred 3.14 billion rupees to a closed firm, the FIR learn.

“In 12 months 2011-12 over three billion rupees have been transferred to Farooqi Pulp Milk Ltd,” in line with the case. In 12 months 2011-12 Tareen and members of the family additionally bought {dollars} from the open market. His nominees transferred over seven million {dollars} to abroad for buy of properties,” in line with the FIR.

The FIA in one other FIR charged that Amir Waris, a confidante of Tareen, made unlawful transactions from the corporate accounts and drawn over two billion rupees. Waris illegally deposited the quantity in private accounts of Jahangir Tareen and his members of the family.

“In the course of the inquiry a pretend account was additionally discovered, which was used for round six billion rupees unlawful transactions,” FIR learn. “The pretend account was used for transactions in accounts of varied corporations of Jahangir Tareen.”

“The probe discovered that the corporate’s chief Rana Naseem acted as important aide and revamped 600 million rupees transactions from JWD’s accounts”.

Rana Naseem has claimed that the transactions have been made for cost of salaries and bonuses, whereas the corporate was in deficit for final 5 years, in line with the FIR.

The FIA has charged within the FIR that Jahangir Tareen, Amir Waris and Rana Naseem have been concerned in cash laundering.

It’s to be talked about right here that the FIA Lahore workplace had summoned the representatives of sugar mills’ managements from March 31 (right now) and directed them to deliver related data of sugar shares bought by the betting mafia from November 2020.

The sugar mills have additionally been directed to supply the document of sugar shares that have been declared bought earlier than the Federal Board of Income (FBR) from November 1, 2020, in addition to offering particulars of all company and ostensible financial institution accounts owned by the sugar mills. The data of all TTs (telegraphic transfers) have been additionally demanded from the mills.

The company had additionally issued call-up discover to JWD Sugar Mills of Jahangir Tareen on April 2.

Earlier on March 24, it emerged that the Federal Investigation Company (FIA) had shaped 20 groups to launch an enormous crackdown beneath the anti-money laundering legislation towards the sugar mafia.