FIA AND FBR LOOK AT JAHANGIR TAREEN'S PROPERTIES IN UK

Islamabad (Ansar Abbasi) In the recent case registered against Jahangir Tareen, the FIA has accused a man who was once considered a friend of Prime Minister Imran Khan of laundering 7. 7.4 million and transferring money to the UK and buying properties there. Imposed

The FIA has filed cases against Jahangir Tareen and his businesses. One of the FIRs alleges that during 2011-12, when "fake investments" were being deposited in the accounts of Farooq Pulp Mills Limited (FPML), Jahangir Tareen, Ali Khan Tareen and other family members systematically bought every available dollar from the open markets in Lahore and for this purpose, the Financial Monitoring Unit made an invisible purchase of حد 35,000. And that's why it doesn't get caught.

As a result, in 2016, Ali Khan Tareen sent about ً 7.4 million through money laundering to the UK where the property was purchased (a detailed investigation is underway).

As a result of this move, investigations are underway against them under sections three and four of the Anti-Money Laundering Act. The FIR was registered on March 22. An official source claimed that the FBR was already reviewing the case and had sent a notice to Jahangir Tareen for payment of Rs 1.4 billion.

Jahangir Tareen has sought a restraining order from the court against this notice. London properties are said to have been exposed in amnesty schemes, but the FBR claims that since Jahangir Tareen's family has political status, they cannot benefit from the scheme. Ali Tareen, son of

In one of the FIRs registered, it is alleged that Jahangir Khan Tareen embezzled and committed fraud on public shareholders. Transferred Rs 3.4 billion to the account of the company (FPML Gujarat - owned by Ali Tareen and close relatives).

The remittances, especially after the 2011-12 financial year, were patent-based counterfeit investments that ultimately benefited the family members of the JWD chief executive officer for private gain.

The FIR further states that without any business activity in FPML, Jahangir continued to transfer permanent JWD funds to FPML accounts till the end of 2015 and an additional 10 1.10 billion. Rupees were also transferred to FPML accounts.

According to the FIR, transferring JWD funds to FPML accounts was a fraud as JWD showed the company's advance and investment at a loss.

The FIR states that FPML's plants were shut down in the financial year 2011-12, but nevertheless, the issue of showing JWD's 2009-10 investment as a loss was systematically resolved by 2015 Postponed so that JWD funds could be transferred to FPML accounts till 2015, the company was not doing any business.

In another FIR against Jahangir Tareen and his companies, the FIA has alleged that Jahangir Khan Tareen had uncovered a systematic scheme of embezzlement of public shareholders' money.

In this scheme, Rs 2.2 billion was withdrawn from the accounts of JWD (October 2017 to March 2020) through fraud, and the services of reliable cash rider Amir Waris was hired for this purpose. The cashier.

A fake account has also been uncovered in the FIR in which a total amount of Rs 5.8 billion (2008-2013) was deposited through various sources. Rs., JK Dairies Pvt. Ltd. (Rs. 25 million) and AFT Mango / Ali Tareen Farms (Rs. 14 million).