Islamabad (HRNW) The Federal Investigation Agency has filed two FIRs against PTI’s Jahangir Tareen and accused him of committing fraud amounting to Rs3.14 billion.
The cases, which were registered on March 22, also name Tareen’s son Ali Tareen and son-in-law Waleed Akbar Faruki.
Both FIRS include sections 406 (criminal breach of trust), 420 (cheating of public shareholders) and 109 (punishment of abetment) of the Pakistan Penal Code read with sections 3 (money laundering) and 4 (punishment for money laundering) of the Anti Money Laundering Act.
In the fraud case, the agency has accused Tareen of “fraudulently transferred Rs3.14 billion to a private company Farooqi Pulp Mills Ltd in Gujrat”. It claimed that the company belongs to his son-in-law and relatives. This amount was later deposited into the accounts of Tareen’s family members.
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