CFO JWD sugar mills gets interim bail: LAHORE: Banking court on Thursday provided acting bond to Principal Financial Officer (CFO) JWD sugar mills, Rana Naseem Ahmed in sugar scam and cash laundering costs.
Rana Naseem Ahmed relocated banking court after the Federal Examination Agency (FIA) group probing sugar rip-off registered a case against Jahangir Tareen, his son Ali Tareen and him.
The JWD CFO begged innocent on trial in his plea and included he has nothing to do with the hike in sugar price. The court after hearing debates scheduled its choice.
Later on, financial court judge Ameer Ahmed Khan, while giving interim bail to Rana Naseem, ordered him to submit a surety bond of Rs0.5 million.
The court has actually additionally prevented FIA from jailing the charged.
On Wednesday, the Federal Investigation Company (FIA) had submitted 2 FIRs versus Jahangir Tareen and also 2 various other relative in sugar rumor and also money laundering costs.
FIA Lahore registered instances versus Chief Executive Officer of JWD Sugar Mills, Jahangir Tareen, his kid Ali Tareen and also his son-in-law in the sugar rip-off.
“The probe found that the business’s chief Rana Naseem acted as major assistant and transformed 600 million rupees deals from JWD’s accounts”.