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Tareen, son cleared of money-laundering fees

LAHORE: The courtroom of an area judicial Justice of the Peace right here on Friday quashed money-laundering case registered towards Jahangir Tareen and his son Ali Tareen.

The orders had been handed by the judicial Justice of the Peace in mild of the report submitted by the Federal Investigation Company (FIA). The FIA investigation officer submitted a report within the courtroom in money-laundering case towards Jahangir Tareen and his son Ali Tareen.

The FIA in its report acknowledged that allegations of money-laundering weren’t proved within the inquiry and all of the transactions had been accomplished in accordance with the Safety Trade Corporations of Pakistan Act.

The allegations towards Jahangir Tareen and Ali Tareen should not true because the accused have supplied documentary proof concerning the transactions of all of the quantities. The FIA had registered two separate instances towards father, son duo over the costs of allegedly committing fraud and money-laundering value Rs3.14 billion.

The instances towards them had been registered below PPC Sections 406 (legal breach of belief), 420 (dishonest of public shareholders) and 109 of the Pakistan Penal Code (PPC), learn with Sections 3/4 of the Anti-Cash Laundering Act.

 

 

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