Jahangir Tareen got bail in sugar scandal case: LAHORE: A financial court on Saturday gave interim bail to CEO JWD sugar mills, Jahangir Tareen, and also his boy Ali Tareen in sugar rip-off as well as money laundering fees.
Additional Session Judge Hamid Hussain while acting on the plea, provided acting bonds to Jahangir Tareen as well as his son until April 10 versus guaranty bonds of Rs0.5 million each.
The court has actually served notice to the Federal Examination Agency (FIA) as well as sought its reply in case.
Talking with newsmen outside the court, Jahangir Tareen declined the claims of the FIA and also included they have a full cash route.
Read More: Tareen and Hamza arrest in sugar scandal
On Wednesday, the Federal Investigation Firm (FIA) had actually submitted 2 FIRs against Jahangir Tareen and also two various other relative in the sugar detraction and also cash laundering charges.
FIA Lahore registered instances against Chief Executive Officer of JWD Sugar Mills, Jahangir Tareen, his child Ali Tareen and also his son-in-law in the sugar rip-off.
“The probe found that the business’s chief Rana Naseem worked as major assistant as well as transformed 600 million rupees deals from JWD’s accounts”.
On Thursday, the banking court has actually also granted acting bail to Chief Financial Officer (CFO) JWD sugar mills, Rana Naseem Ahmed in sugar fraud.
Rana Naseem Ahmed had relocated financial court after the Federal Examination Firm (FIA) team probing sugar rip-off signed up a case versus Jahangir Tareen, his son Ali Tareen and also him.
The JWD CFO had pleaded innocent on trial in his plea and also included he has nothing to do with the hike in sugar cost. Banking court judge Ameer Ahmed Khan, while giving interim bail to Rana Naseem, had ordered him to send a surety bond of Rs0.5 million.