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FIA books Jahangir Tareen, son for Rs3.25bn financial embezzlement

muhammadhafeezmalik

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FIA claims Tareen transferred Rs3.25bn to a closed factory's account; money later transferred to family members

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The Federal Investigation Agency (FIA) on Wednesday registered a case against former Pakistan Tehreek-e-Insaf (PTI) general secretary Jahangir Tareen, his son Ali Tareen, son-in-law and other members of the family for alleged financial embezzlement.
According to sources in the agency, Jahangir Tareen transferred Rs3.25 billion from JDW company to his son-in-law's closed paper manufacturing company Farooqui Pulp.

The money, the authority added, was then transferred to the accounts of different members of the family.
Likewise, the report added, some Rs3 billion were invested and laundered through the same factory. 26 per cent of shares in the factory belong to public shareholders.

Moreover, the former PTI leader and his family members purchased dollars from open market and transferred them overseas.

FIA has also registered a case against Jahangir's right-hand man and chief financial officer, former secretary agriculture Rana Nasim, who reportedly used the funds in the purchase of sugarcane.

In March, the Federal Board of Revenue (FBR) presented a report to Prime Minister Imran Khan about the recovery of taxes from the sugar mills, which, according to a sugar inquiry commission, had minted billions of rupees through illegal means.

In its preliminary report – unveiled on April 5 – the commission stated that sugar mills belonging to the families of top politicians including PML-N’s Shehbaz Sharif, Humayun Akhtar, Jahangir Tareen and Khusro Bakhtiar, PML-Q’s Moonis Elahi and PPP’s Asif Ali Zardari were among beneficiaries of the crisis.


 

Type59

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Good news. Should be applauded, if dude gets convicted. But, long road ahead for accountability for all.
 

H!TchHiker

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Excellent way to pave an easy for tareen..government is helping him atleast ...otherwise money laundering case now a days goes to NAB which put you in jail for months without even a reference is filed ...FIA is an escape route
 

Patriot forever

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Excellent way to pave an easy for tareen..government is helping him atleast ...otherwise money laundering case now a days goes to NAB which put you in jail for months without even a reference is filed ...FIA is an escape route
The sugar case in FIA is registered against all involved, including Shehbaz Sharif and Zardari, not just JKT. It's not like after the report Shahbaz Sharif and Zardari cases were sent to NAB and JKT to FIA 😂 FIA was the one conducted the investigation and registered cases.

Why is it so hard to understand a simple thing?
 

Maarkhoor

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During PTI Govt sugar mafia made 22 + billion PKR......

Still only Tareen is on radar for only 3.5 billion......What about 18.5 billion that made instantly by hoarding and making sugar prices double?
 

Patriot forever

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During PTI Govt sugar mafia made 22 + billion PKR......

Still only Tareen is on radar for only 3.5 billion......What about 18.5 billion that made instantly by hoarding and making sugar prices double?
We know our media. On FIA radar everyone is there, on medias radar only JKT is 😂 Further more according to patwaris only JKT is the culprit whereas Zardari and Shahbaz sharif are politically victimized.
 

The Accountant

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During PTI Govt sugar mafia made 22 + billion PKR......

Still only Tareen is on radar for only 3.5 billion......What about 18.5 billion that made instantly by hoarding and making sugar prices double?
Capacity and capability issues. It will take time to build up accountiblity infrastructure
 

Maarkhoor

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Capacity and capability issues. It will take time to build up accountiblity infrastructure
System is there but when decision maker is needy of support of such mafia no one can do anything, The system itself need to change instead of current system we should go for presidential system so that once elected president have no need of such corrupt mafia and can implement rule of law over anyone any given time.
 

BATMAN

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This is tabdeeli for people who ask where's tabdeeli
Pinky mafia triumphed long time ago, this is just backlog which was being stretched by the lawyers of JT.

If any one look objectively at the case, JT has no role in exporting sugar and later importing it at higher prices.
 

SecularNationalist

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Guys this is the hard reality of pakistani politics . One man cannot bring tabdeeli. He has to accommodate all the corrupt elites who had the power to bring him to win elections. All those helicopters airplane trips. Those sponsoring of jalsas etc.
Tabdeeli will only come when an ordinary pakistani citizen will have the ability to win on provisional and national assembly. Overall system is developed in such a harmful toxic way that you need to be a industrialist,feudal lord etc to win the election and get votes.Even if you are not some industrialist or come from big family there will be people like them behind you who sponsored you to win elections and later you will have to obey them.
 

khansaheeb

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FIA claims Tareen transferred Rs3.25bn to a closed factory's account; money later transferred to family members

View attachment 729844

The Federal Investigation Agency (FIA) on Wednesday registered a case against former Pakistan Tehreek-e-Insaf (PTI) general secretary Jahangir Tareen, his son Ali Tareen, son-in-law and other members of the family for alleged financial embezzlement.
According to sources in the agency, Jahangir Tareen transferred Rs3.25 billion from JDW company to his son-in-law's closed paper manufacturing company Farooqui Pulp.

The money, the authority added, was then transferred to the accounts of different members of the family.
Likewise, the report added, some Rs3 billion were invested and laundered through the same factory. 26 per cent of shares in the factory belong to public shareholders.

Moreover, the former PTI leader and his family members purchased dollars from open market and transferred them overseas.

FIA has also registered a case against Jahangir's right-hand man and chief financial officer, former secretary agriculture Rana Nasim, who reportedly used the funds in the purchase of sugarcane.

In March, the Federal Board of Revenue (FBR) presented a report to Prime Minister Imran Khan about the recovery of taxes from the sugar mills, which, according to a sugar inquiry commission, had minted billions of rupees through illegal means.

In its preliminary report – unveiled on April 5 – the commission stated that sugar mills belonging to the families of top politicians including PML-N’s Shehbaz Sharif, Humayun Akhtar, Jahangir Tareen and Khusro Bakhtiar, PML-Q’s Moonis Elahi and PPP’s Asif Ali Zardari were among beneficiaries of the crisis.


No wonder PM Imran Khan doesn't want to take decisive action on corruption. Capital punishment is the only solution to this endemic high level corruption which tantamounts to treason against the state. For low level corruption chopping off hands would be good.
 

Patriot forever

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No wonder PM Imran Khan doesn't want to take decisive action on corruption. Capital punishment is the only solution to this endemic high level corruption which tantamounts to treason against the state. For low level corruption chopping off hands would be good.
Bro JKT along with the other sugar barons are in this situation because of PM IK launched sugar inquiry. It is up to the courts now.
 

Abdulrehman 2978

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During PTI Govt sugar mafia made 22 + billion PKR......

Still only Tareen is on radar for only 3.5 billion......What about 18.5 billion that made instantly by hoarding and making sugar prices double?
THIS misconceptions is thanks to media. FBR and FIA are tacking action again ate almost all sugar mills in country. These mostly include nawaz sharif and families mills. Jahangeer tareen is at the bottom of this list in terms numbers. But because he is In PTI media only talking about him. Tax notices of 450 billion have been issued. And FIA has uncovered 110 billion rupee satta by sugar mafia. Lanat is media pay
 

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