LAHORE – A banking court Sunday granted interim bail to Jahangir Tareen and son Ali Tareen in sugar scam and money laundering charges.
Additional Session Judge Hamid Hussain granted interim bails to CEO JWD sugar mills and his son Ali Tareen until April 10 against surety bonds of Rs500,000 each.
The court also served notice to the federal investigators and sought its reply in the case.
Jahangir Tareen, while speaking with the press reporters outside the court, said he rejected the allegations of the FIA and added they have a full money trail against all the allegations.
On March 31, the Federal Investigation Agency (FIA) filed two FIRs against Jahangir Tareen and two other family members in the sugar scandal and money laundering charges.
Sugar scandal: FIA books Jahangir Tareen, son Ali Tareen for fraud, money laundering
Over three billion rupees money laundering made by showing investment in a closed factory, according to the FIR. The investigation agency has also charged Tareen and others for illegal hoarding of sugar, misappropriation, and cheating in the FIR.
