Money laundering cases registered against Jahangir Tareen.
A Federal Investigation Firm (FIA) Lahore examination team registered an instance of supposed scams of Rs3.14 billion on March 22 against them.
The FIR specifies that Jahangir Tareen supposedly moved illegal shares worth billions of rupees to Farooqi Pulp Mills Limited (FPML), which is owned by his child and also close family members.
It says the transfers, particularly after 2011-12, were “patently illegal financial investments which inevitably converted right into personal gains” for Jahangir’s family.
The FIR lays out when as well as exactly how FPML was made back in 1991.
It consists of areas 406, 420 as well as 109 of the Pakistan Penal Code with Area 3/4 of Anti-Money Laundering Act, 2010. Rana M Shawaz will certainly be the investigation officer.
FIA’s allegations are ungrounded: Jahangir Tareen
Talking With Geo Information, Jahangir claimed that the claims by FIA are “unjustified”. He said a personal audit firm has actually currently validated the accounts of his firms.
The PTI leader took the placement that all the shares were moved in accordance with the law as well as accounts regulation.
Sugar dilemma of 2020 as well as its examination record:
In 2015, PM Imran Khan had actually entrusted the FIA to explore the sugar dilemma throughout the country and discover that took advantage of it.
A report by the FIA released in 2015 had declared that top PTI members were amongst those who gained from the recent sugar situation in the nation.
Among the people called in the FIA report were Jahangir Tareen and also a bro of the then Minister for National Food Safety Khusro Bakhtiar.
Tareen was stated by the report to have actually profited one of the most from the sugar situation complied with by Bakhtiar’s bro.
The record had actually additionally declared that companies belonging to Moonis Elahi– an ally of the event– benefited from the sugar situation. Elahi is Chaudhry Pervaiz Elahi’s child and an essential participant of the PML-Q.