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FIA launches probe in money laundering against Tareen's JWD firm

  • Agency has sought details of 22 people, including Jahangir Tareen and members of his family and details of properties and bank accounts owned by them
Published August 26, 2020 Updated August 26, 2020 03:40pm

(Karachi) The Federal Investigation Agency (FIA) has launched probe into money laundering charges against Pakistan Tehreek-i-Insaf (PTI) senior leader Jahangir Tareen’s JWD Group, media reported on Wednesday.

The FIA's investigation team has written letters to the deputy commissioners of Karachi, Multan, Islamabad, Lahore and Rahim Yar Khan seeking details of properties and bank accounts owned by the PTI leader, his son Ali Tareen and others associated with the firm.

As per reports, asset details of 22 people, including Jahangir Tareen and members of his family, have been sought.

The probing official also approached the Lahore Development Authority and the Capital Development Authority to submit relevant details. The agency has asked the Security Exchange Companies of Pakistan (SECP) to provide details of all companies registered in the name of Jahangir Tareen.

Earlier, the federal government formed a high powered combined investigation team to probe an alleged financial scam of over Rs20 billion involving three biggest groups running sugar mills in the country.

The CIT formed by head of FIA Wajid Zia initiated legal actions against JDW Group of Companies, owned by PTI leader Jahangir Khan Tareen and Alliance Sugar Mills owned by RYK Group with major share of family of Federal Minister for Economic Affairs Makhdoom Khusro Bakhtiar and PML-Q leader Chaudhry Moonis Elahi.

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