The Federal Investigation Agency (FIA) on Sunday booked Jahangir Khan Tareen, his son Ali Tareen, Hamza Shehbaz and Suleman on charges of money laundering and fraud, reported 24NewsHD TV channel.
All the accused were currently being investigated for their alleged involvement in the sugar scandal and money laundering. The FIA filed separate FIRs against them under various sections of Pakistan Penal Code (PPC).
According to the investigators, a cumulative sum of Rs25 billion was deposited in the Sharif Group’s bogus companies from 2008 to 2018. The amount was transferred into the bank accounts of Ramzan and Al-Arabia sugar mills’ employees.
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The employees admitted that the accounts were opened for Sulman’s covert money transfers, the FIA said.
Whereas, Jahangir Khan Tareen and his son were accused of submitting a bogus report about a business deal. His JDW bought JKSFL for Rs4.35 billion and submitted a forged report about the deal, the FIA said, adding the JDW committed fraud by using public shareholders’ money for the purchase.
The sections under which the case has been lodged against the father-son duo include 406 (punishment for criminal breach of trust), 420 (cheating), and 109 (abetment) among others.
With inputs from INP.