close
Advertisement
Can't connect right now! retry

add The News to homescreen

tap to bring up your browser menu and select 'Add to homescreen' to pin the The News web app

Got it!

add The News to homescreen

tap to bring up your browser menu and select 'Add to homescreen' to pin the The News web app

Got it!

Pakistan

April 9, 2021

Jahangir Tareen and family's bank accounts frozen: sources

Pakistan

Fri, Apr 09, 2021

As the Federal Investigation Agency takes its probe into the sugar crisis forward, bank accounts belonging to Jahangir Tareen and his family have been frozen, it emerged on Friday.

Sources informed Geo News that nine banks in total, both government and private, have frozen 36 accounts belonging to Tareen and his family.

The sources said that the accounts were frozen at the request of FIA Lahore and in connection with the Tareen-owned JDW group's alleged money laundering, illegal trade of shares, fraud, and association with the mafia engaging in "satta" (price-fixing through collusion).

Sources added that of the bank accounts, four are US dollar accounts, two are British pound accounts and 30 are Pakistani rupee accounts.

According to a list obtained by Geo News, 21 of the bank accounts belong to Jahangir Tareen's son, Ali Tareen, 14 belong to Jahangir Tareen himself, and one belongs to his wife Amina Tareen.

The sources said that the frozen bank accounts contain "tens of millions of rupees".