Sugar scandal: Court grants interim bail to Jahangir Tareen, Ali Tareen

According to details, Banking Court Judge Ameer Mohammad Khan heard the case over the petitions filed by PTI leader seeking interim bail.

During proceedings, Jahangir Tareen and his son Ali Tareen appeared before the court.

Following the conclusion of arguments, court restrained police from arresting PTI leader and his son and sought record from the Federal Investigation Agency (FIA) ​​over the next hearing.

Court has also ordered Jahangir Tareen and his son to submit two indemnity bonds worth 0.5 million each.

FIA registers cases against Jahangir Tareen and Ali Tareen

On March 31, the Federal Investigation Agency (FIA) registered two cases against Pakistan Tehreek-i-Insaf leader (PTI) leader Jahangir Tareen and his son over Rs. 3 billion financial embezzlement and their involvement in sugar scandal.

According to the FIA, Former Secretary Agriculture Rana Naseem was the patron of the sugar mill mafia scandal, for which his name is also included in the registered case.

The second case includes the names of Jahangir Tareen, his son Ali Tareen and two daughters.

FIA has detected that Jahangir Tareen transferred Rs 3 billion from his son-in-law's unfunctional paper factory, JDW which was later transferred to the accounts of Tareen family.

The PTI leader’s factory has 26% public shareholders.

According to sources, the FIA will record their statements in person before reaching a decision based on evidence whether to arrest them or not.

Earlier the FIA lodged a case over sugar scam under sections 406 (criminal breach of trust), 420 (cheating of public shareholders) and 109 of the Pakistan Penal Code and r/w 3/4 of Anti Money Laundering Act.

Shahzad Akbar says speedy inquiry into sugar scandal is underway

On April 01, Adviser to the Prime Minister on Accountability Shahzad Akbar while addressing a presser said that a speedy inquiry into sugar scandal is underway.

He further said that the ruling party has decided to take action following a hike in sugar price, last year.

“The Federal Investigation Agency (FIA) and the National Accountability Burea (NAB) were given the task to investigate the scan. The price of sugar is determined not just by sugar mills but also the market forces,” he added.