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Tareen questions 'hype' surrounding his sugar mills


Tareen questions ‘hype’ surrounding his sugar mills
The PTI leader and son Ali Tareen obtained bail in three different FIRs registered against them by FIA
Jahangir Tareen. PHOTO: FILE
LAHORE:
Pakistan Tehreek-e-Insaf’s (PTI ) estranged leader Jahangir Tareen on Saturday asked if there was no problem with the rest [of the] 80 sugar mills in the country and why only his name was being mentioned.
Tareen was talking to the media outside the local court after he and his son Ali Tareen obtained bail orders in three different FIRs registered against them by the Federal Investigation Agency (FIA) over allegations of fraudulently misappropriating shareholder s money, company’s money and committing money laundering. ....

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Two separate cases registered against Tareen, son


Two separate cases registered against Tareen, son
Top Story
April 1, 2021
ISLAMABAD: The Federal Investigation Agency has registered two separate cases against Jahangir Khan Tareen and his son Ali Khan Tareen over the charges of allegedly committing fraud and money laundering worth Rs3.14 billion. The FIA has registered the cases against the father, son duo under the PPC sections 406 (criminal breach of trust), 420 (cheating of public shareholders) and 109 of the Pakistan Penal Code (PPC), read with sections 3/4 of the Anti-Money Laundering Act.
As per the FIR against Tareen family, the FIA stated that during the course of inquiry, a fraudulent and premeditated scheme of misappropriation of public shareholders money by Jahangir Khan Tareen has surfaced whereby JDW (a Public ltd. Listed Company-CEO Jahangir Khan Tareen) fraudulently transferred Rs3.14 billion to an associated private company, Farooqi Pulp Mills Ltd. Gujrat (FPML), owned by his son and close relat ....

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