thenews.com.pk 20 Sep, 2020 02:00 am

Undergoing medical check-ups; can’t appear before CIT

Undergoing medical check-ups; can’t appear before CIT
LAHORE: The PTI leader Jahangir Khan Tareen has requested the Federal Investigation Agency to grant him more time to respond to FIA investigations against him and his son Ali Khan Tareen, The News...

In the call-up notice to Tareen, the FIA had asked him to explain the due diligence measures (as per statutory financial prudence standards that he took or failed to undertake) in the purchase of his private assets by a listed public limited company (JWD) which was under his fiduciary control at an inflated value of Rs 4.15 billion in a private but related company (Faruki Pulps Mills Limited) by a listed public company (JDW) which was under Tareen's fiduciary control.2 billion from the accounts of the public listed company under his fiduciary control through his trusted cash boys and its personal utilisation without true documentation in the account books.Top Story September 20, 2020 LAHORE: The PTI leader Jahangir Khan Tareen has requested the Federal Investigation Agency to grant him more time to respond to FIA investigations against him and his son Ali Khan Tareen, The News has learned.

The FIA is holding an investigation against Jahangir Khan Tareen and his son for alleged money laundering and a sugar scam.Both the father and son were asked to explain the due diligence measures (as per statutory financial prudence standards) they took (or failed to undertake) while making huge investments amounting to Rs 3.

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