LAHORE: Lawmakers who support Jahangir Khan Tareen (JKT) warned Saturday that they will be forced to “make their own decisions” if Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan, the country’s prime minister, does not do so to give JKT justice.
After appearing before the banking court here, Jahangir Tareen, MNA Raja Riaz and President of PTI South Punjab and MPA Ishaq Khan Khakwani spoke to the media.
Raja Riaz said that nearly 40 lawmakers from PTI in “Madinah state” were seeking justice from Imran Khan. They all thought that justice was not done to JKT, and Imran Khan as the team captain did not meet them.
Raja Riaz asked the PTI leadership not to take long to deal with the problem. He said that they were still under the PTI banner. However, he warned, they had no choice but to make their own decisions if the PTI leadership’s behavior was not changed, because some people had misled him.
The king warned again that they were asking the PTI leadership one last time to provide justice for them in the “state of Medina”.
Jahangir Tareen, speaking to the media after the audience, thanked all his colleagues, who showed solidarity with him at this crucial time. He said he had nothing to do with the sugar mafia, cartelization or rising sugar prices in Pakistan. “Three FIRs have been registered with me, but sugar is not mentioned in all of those FIRs,” added JKT. He asked people to read the three FIRs that were against him. He explained that FIR did not mention the increase in sugar prices, “but FIR raised matters relating to my business eight to 10 years ago”.
Regarding the question, JKT said that the examination was not the domain of the FIA.
Tareen says a fictional story has been fabricated against him. “My documentation is clear and transparent. I pay income tax every year. My account and my family are with the income tax person,” he said.
“Ask any businessmen,” said the PTI leader confidently, explaining that they were [businessmen] would say that if Jahangir Tareen wasn’t the most transparent, then who?
She says she doesn’t know who “did this” to her, but “someone”.
The PTI leader further said that he had not been to the Prime Minister’s Mansion for more than one and a half years.
He said that the tax department knows about all of his monetary transactions. He again alleges that a conspiracy is being carried out against him to slander his name. However, JKT did not answer questions from reporters who asked JKT to mention the names of Shahzad Akbar, Azam Khan, Asad Umar or Shah Mehmood Qureshi, one of which was slandered. When Ishaq Khakwani tried to name a name in this matter, JKT stopped him.
Previously, the banking crime court extended the pre-arrest bail of JKT and his son Ali Tareen until May 3, both of whom were charged with corporate fraud and money laundering by the Federal Investigation Agency (FIA).
When the trial began, Tareens’ lawyer notified the court that his client was cooperating with the agency and would join the investigation again on April 19.
The court, after hearing the Tareens, extended their provisional bail until May 3.
According to the FIR against the Tareen family, the FIA stated that during the investigation, a fraudulent public shareholder money abuse scheme planned by Jahangir Khan Tareen had emerged in which JDW (CEO of Public Ltd company Jahangir Khan Tareen) fraudulently transferred Rs3.14 billion to an associated private company, Farooqi Pulp Mills Ltd Gujrat (FPML), which is owned by his son and close relative. “Material disclosure that the FMPL was declared“ unsustainable (especially since FY-2011/12) and that its operation had practically closed with several failed trials, deliberately withheld / hidden from JDW’s public shareholders whose number of breaches of trust was convicted (406 PPC) public shareholder money over which Jahangir Khan Tareen has fiduciary control as CEO, “said FIR.
“The company fraud of Rs3.6 billion was carried out by JDW through the purchase of excess value from the JK Farming Systems Ltd associated company and recorded a loss through it, the corporate fraud of Rs3.1 billion was carried out by JDW through investing in Farooqi Pulp Ltd and recording an impairment loss through it, unexplained transfers of Rs2.5 billion by JDW via non-arm cash transfers to various sister entities via cash boy Amir Warsi, unexplained transfers of Rs7 billion made by JDW to Dherki Sugar Mills (non-arm cash transfer) without true and full disclosure in the financial statements, ”claims the FIA.