‘Not gambling but future sales’, counters Jahangir Tareen

‘Not gambling but future sales’, counters Jahangir Tareen ‘Not gambling but future sales’, counters Jahangir Tareen

Islamabad: Prime Minister Imran Khan has announced to hitch and start a crackdown on the Sugar mafia and bookies.

In the meantime, his former friend and leading PTI stalwart Jahangir Tareen has clarified his position in a tweet.

Jahangir Tareen in a tweet said that that future sales are a normal way of doing business around the world, with routine business activities providing financial security for the future.

“It has nothing to do with Satta. All such sales are declared in JDW accounts in their entirety,” he wrote.

Whereas the premier has announced a stern action against Sugar Mafia and said that the action will last unless that no hoarder is left and people will get cheap sugar.

In a meeting of government and party, spokespersons chaired by the Prime Minister, Imran Khan said that for the first time comprehensive action is being taken against the sugar mafia, strict action is being taken against bookies, people will get cheap sugar in Ramadan.

Prime Minister has also approved the one-window operation law against bookmakers.

Earlier, Court had granted interim bail to Pakistan Tehreek-e-Insaf leader (PTI) leader Jahangir Tareen and his son Ali Tareen in the sugar scandal case till April 07.

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

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

Following the conclusion of arguments, the court restrained the police from arresting the PTI leader and his son and sought a 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 embezzlements and their involvement in the 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 the 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 said the 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 the 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.

 

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