LAHORE: The Federal Investigation Agency (FIA) has exposed the sugar mafia involved in monetary fraud, speculative trade and money laundering as it got evidences of persistent increase in sugar prices through creating artificial shortage of the commodity. Almost all the major sugar producing groups, including Sharif Group, Tareen Group, Alliance Group, Almoiz Thal Group and Hamza Group were found involved in the gambling. It was also revealed that the sugar mafia would also conspire to further increase sugar prices through gambling in the holy month of Ramzan. The FIA has decided to investigate and scrutinise the accounts of prominent members of sugar gambling mafia, and then arrest them after registration of cases under Anti-Money Laundering Act. For the purpose, the FIA Lahore had formed 20 teams, which would launch a crackdown against the sugar mafia under the supervision of the Director FIA Lahore, the sources said.

Source: Pakistan Today March 24, 2021 18:33 UTC