Sunday, 26 May 2024
Bank Accounts Freeze Jahangir Tareen Sugar Scandal

Over 35 bank accounts of Jahangir Tareen and his family frozen

According to media reports, more than 35 bank accounts of Jahangir Khan Tareen and two members of his family have been frozen over involvement in the sugar scandal.

Freeze Bank accounts include total of 36 accounts at nine different banks. Out of the frozen bank accounts, Jahangir Khan owns 14, his son 21 and his wife one bank account. Bank accounts frozen have millions of Rupees and accounts freezed on request of the Federal Investigation Agency (FIA).

The agency had summoned the father and his son to appear today (Friday) before its team for questioning in separate cases come from the sugar scam. Jahangir Khan Tareen summoned in two cases. While Ali Tareen in a case over defrauding the shareholders.

The Federal Investigation Agency (FIA) directed Ali Tareen to bring answers to five questions with him. Which included the reason for selling JKFSL’s sugar business. The advertisement for the sale, the number of bidders who showed their interest in the process, and the quoted rates.

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The FIA notice further noted that as per company records JKFSL encountered losses of Rs326 million. However, despite suffering huge losses, it sold out its sugarcane business to JDW on higher profits.


Jahangir Khan Tereen | Ali Khan Tareen | Sugar Scandal | FIA | Federal Investigation Agency | Bank Accounts | Freeze |

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