The Federal Investigation Agency (FIA) has booked former PTI general secretary Jahangir Tareen, his son Ali Tareen and other members of his family in two separate cases on charges of financial embezzlement and money laundering, The Express Tribune learnt on Wednesday. The cases were registered earlier in March under sections 406 (criminal breach of trust), 420 (cheating of public shareholders) and 109 of the Pakistan Penal Code (PPC), read with sections 3/4 of the Anti Money Laundering Act. Responding to the charges, Tareen claimed on Twitter that the allegations against him and his family were “totally fabricated”. According to sources in the FIA, Tareen transferred over Rs3 billion from his company JDW Group, to his son-in-law Waleed Akbar Farooqui's firm, Farooqui Pulp Private Limited, which was shut down in 2011. Tareen, his son and other family members also bought dollars from the open market in Lahore in a "structured manner".

Source: The Express Tribune March 31, 2021 08:14 UTC