Jahangir Tareen, Ali Tareen and Their Families Sued for Billions in Fraud

Jahangir Tareen, Ali Tareen and Their Families Sued for Billions in Fraud

LAHORE: The Federal Investigation Agency (FIA) has registered a case against Jahangir Tareen, his son Ali Tareen, son-in-law, and other members of his family for financial fraud of Rs 3 billion.

According to FIA sources, Jahangir Tareen transferred heavy amounts, In this way, more than Rs 3 billion was laundered by investing money in a closed factory. Jahangir Tareen and his family bought dollars from the open market and transferred the money abroad.

Jahangir Tareen's son-in-law used to make paper from the pulp tree. Jahangir Tareen's factory has 26% public shareholders.

The FIA ​​also registered a case against Jahangir Naseer's former agriculture secretary Rana Naseem. Rana Naseem is working in the company of Jahangir Tareen as the Chief Financial Officer and used to embezzle in the purchase of sugarcane.