Lahore: Banking and Session Courts have extended the interim bail of Jahangir Tareen and his son Ali Tareen in different cases of money laundering and financial fraud.
According to details, a banking court in Lahore conducted the hearing of bail petitions filed by Jahangir Tareen and Ali Tareen today.
During the hearing, Tareen’s lawyer requested court to grant bail for a long period due to Covid-19 situation and told that his client and his son appeared before the Federal Investigation Agency (FIA) for investigation purposes.
The additional district and sessions judge Hamid Hussain asked FIA if they had any objections to the authority of the court to which the lawyer replied that the institution has no objections over it.
Later, while extending the bail of Jahangir Tareen and Ali Tareen till April 22, court adjourned the hearing.
Earlier yesterday, at least 36 bank accounts of Pakistan Tehreek-e-Insaf (PTI) leader Jahangir Khan Tareen and two family members were frozen at nine different banks over involvement in the sugar scandal.
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.
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.
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