Banking court extends interim bail of Jahangir Tareen, son till May 19

Accompanied by 23 MPAs and three MNAs, Jahangir Tareen and his son appeared for the extension of the bail in the case.

The presiding judge instructed the Federal Investigation Agency (FIA) to quickly complete the investigation against the father and son and adjourned the hearing till May 19.

The PTI leader’s lawyer argued, that his clients have appeared before the agency every time they were summoned and claimed that the two have been named in a baseless case.

On March 31, the FIA have registered two separate cases against 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.