36 financial institution accounts belonging to Jahangir Tareen, household frozen
Because the Federal Investigation Company continues to probe the sugar disaster within the nation, the financial institution accounts of Jahangir Tareen — who owns the JDW Sugar Mills — in addition to his relations, have been frozen.
Sources mentioned that 9 banks in whole, each authorities and personal, have frozen 36 accounts belonging to Tareen and his household.
The sources mentioned that the accounts have 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 via 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.
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 mentioned that the frozen financial institution accounts include “tens of tens of millions of rupees”.