The Federal Investigation Agency has now been stopped from taking action against Pakistan Prime Minister Imran Khan’s friend, Jahangir Khan Tareen, and the family of PML-N chief Shehbaz Sharif in a sugar scam worth more than Rs 400 billion. The move was taken by a Pakistani court on Thursday
The Federal Investigation Agency has now been stopped from taking action against Pakistan Prime Minister Imran Khan’s friend, Jahangir Khan Tareen, and the family of PML-N chief Shehbaz Sharif in a sugar scam worth more than Rs 400 billion. The move was taken by a Pakistani court on Thursday.
A division bench comprising Justices Shahid Karim and Sajid Mahmood Sethi of Lahore High Court struck down the case filed by the Security and Exchange Commission of Pakistan against JDW Sugar Mills and Farooqi Pulp Mills of Tareen and Al-Arabia Sugar Mills of Shehbaz’s family on the basis of “procedural unfairness and for being a dictated exercise”.
“SECP can initiate proceeding afresh according to law,” the bench said.
Tareen and Shehbaz had approached the high court against multiple actions of the SECP and FIA in the sugar scam. The court observed that the FIA call-up notices to the owners and staff of the sugar mills in question do not make a reference to the sugar inquiry commission’s report and proceed on the basis of information available with the investigation team regarding money laundering and financial or corporate fraud.
The petitioners said the inquiry commission had made baseless allegations of committing corporate fraud on their sugar mills.
Tareen, a close confidant of PM Khan, had left for London soon after the government made its much-trumpeted sugar inquiry commission report public last year that revealed the names of different players, including Tareen and Khusro Bakhtiar, who had benefited from the sugar crisis. Tareen returned last week and said that he had left for London for his medical treatment and duly informed the government about that.
“I have nothing to hide. My business is clean and transparent and there are no worries,” Tareen said
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