The Federal Investigation Agency (FIA) has booked Opposition leader in National Assembly and PML-N President Shehbaz Sharif, his sons Hamza and Salman, PTI leader Jahangir Khan Tareen and his son Ali Tareen on money laundering and fraud charges.
A probe is going on against all accused for their alleged involvement in the sugar scandal and money laundering.
The Federal Investigation Agency (FIA) filed separate FIRs against them under various sections of Pakistan Penal Code (PPC).
As per to probe team, a cumulative sum of Rs.25 billion was deposited in the Sharif Group’s bogus companies from 2008 to 2018.
The Federal Investigation Agency (FIA) said that the amount was transferred into the bank accounts of Ramazan and Al-Arabia sugar mills’ employees, The employees of mills admitted that the accounts were opened for Salman’s covert money transfers.
Jahangir Khan Tareen and his son are accused of submitting a bogus report about a business deal.
The FIA said, JDW of Jahangir Tareen bought JKSFL for Rs.4.35 billion and submitted a fake report about the deal,
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.
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