Because the Federal Investigation Company takes its probe into the sugar disaster ahead, financial institution accounts belonging to Jahangir Tareen and his household have been frozen, it emerged on Friday.
Sources knowledgeable Geo Information that 9 banks in whole, each authorities and personal, have frozen 36 accounts belonging to Tareen and his household.
The sources stated that the accounts had been frozen on the request of FIA Lahore and in reference to the Tareen-owned JDW group’s alleged cash laundering, unlawful commerce of shares, fraud, and affiliation with the mafia partaking in “satta” (price-fixing by way of collusion).
Sources added that of the financial institution accounts, 4 are US greenback accounts, two are British pound accounts and 30 are Pakistani rupee accounts.
Based on a listing obtained by Geo Information, 21 of the financial institution accounts belong to Jahangir Tareen’s son, Ali Tareen, 14 belong to Jahangir Tareen himself, and one belongs to his spouse Amina Tareen.
The sources stated that the frozen financial institution accounts include “tens of thousands and thousands of rupees”.