Sugar Scandal: 36 bank accounts of Jahangir Khan Tareen, family frozen

As per sources, the accounts frozen on request of the Federal Investigation Agency (FIA). Of the frozen accounts, Jhangir Tareen owns 14, his son own 21 and one bank account is registered on his wife’s name.

The accounts have millions of rupees, FIA stated.

Following the investigation, the agency directed Ali Tareen to bring answers to five questions with him including, the reason for selling JKFSL’s sugar business, the number of bidders who showed their interest in the process, the advertisement for the sale and the quoted rates.

Earlier, before the appearance of Jahangir Tareen and Ali Tareen in the Banking Court, MNAs and MPAs reached the house of Jahangir Tareen and extended support towards the PTI leader.

It is pertinent to mention here that Lahore’s Banking Court has extended the interim bail of Jahangir Tareen and his son Ali Tareen till April 10 in sugar scandal case.

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.