FIA files case against Jahangir Tareen in sugar scam, money laundering

The Federal Investigation Agency (FIA) has filed two FIRs against Jahangir Tareen and two other family members in sugar scandal and money laundering charges, on Wednesday.

FIA Lahore registered cases against CEO of JWD Sugar Mills, Jahangir Tareen, his son Ali Tareen and son-in-law in the sugar scam.
“Over three billion rupees money laundering made by showing investment in a closed factory,” according to the FIR.

The investigation agency has also charged Tareen and others for illegal hoarding of sugar, misappropriation and cheating in the FIR.

CEO of JWD Sugar Mills in an act of forgery transferred 3.14 billion rupees to a closed company, the FIR read.

“In year 2011-12 over three billion rupees were transferred to Farooqi Pulp Milk Ltd,” according to the case. In year 2011-12 Tareen and family members also purchased dollars from the open market. His nominees transferred over seven million dollars to overseas for purchase of properties,” according to the FIR.

The FIA in another FIR charged that Amir Waris, a confidante of Tareen, made illegal transactions from the company accounts and drawn over two billion rupees. Waris illegally deposited the amount in personal accounts of Jahangir Tareen and his family members.

“During the inquiry a fake account was also found, which was used for around six billion rupees illegal transactions,” FIR read. “The fake account was used for transactions in accounts of various companies of Jahangir Tareen.”

“The probe found that the company’s chief Rana Naseem acted as main aide and made over 600 million rupees transactions from JWD’s accounts”.

Rana Naseem has claimed that the transactions were made for payment of salaries and bonuses, while the company was in deficit for last five years, according to the FIR.

The FIA has charged in the FIR that Jahangir Tareen, Amir Waris and Rana Naseem have been involved in money laundering.

It is to be mentioned here that the FIA Lahore office had summoned the representatives of sugar mills’ managements from March 31 (today) and directed them to bring relevant records of sugar stocks sold through the betting mafia from November 2020.

The sugar mills have also been directed to produce the record of sugar stocks that were declared sold before the Federal Board of Revenue (FBR) from November 1, 2020, as well as providing details of all corporate and ostensible bank accounts owned by the sugar mills. The records of all TTs (telegraphic transfers) were also demanded from the mills.

The agency had also issued call-up notice to JWD Sugar Mills of Jahangir Tareen on April 2.

Earlier on March 24, it emerged that the Federal Investigation Agency (FIA) had formed 20 teams to launch a massive crackdown under the anti-money laundering law against the sugar mafia.

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FIA files case against Jahangir Tareen in sugar scam, money laundering

The Federal Investigation Agency (FIA) has filed two FIRs against Jahangir Tareen and two other family members in sugar scandal and money laundering charges, on Wednesday.

FIA Lahore registered cases against CEO of JWD Sugar Mills, Jahangir Tareen, his son Ali Tareen and son-in-law in the sugar scam.
“Over three billion rupees money laundering made by showing investment in a closed factory,” according to the FIR.

The investigation agency has also charged Tareen and others for illegal hoarding of sugar, misappropriation and cheating in the FIR.

CEO of JWD Sugar Mills in an act of forgery transferred 3.14 billion rupees to a closed company, the FIR read.

“In year 2011-12 over three billion rupees were transferred to Farooqi Pulp Milk Ltd,” according to the case. In year 2011-12 Tareen and family members also purchased dollars from the open market. His nominees transferred over seven million dollars to overseas for purchase of properties,” according to the FIR.

The FIA in another FIR charged that Amir Waris, a confidante of Tareen, made illegal transactions from the company accounts and drawn over two billion rupees. Waris illegally deposited the amount in personal accounts of Jahangir Tareen and his family members.

“During the inquiry a fake account was also found, which was used for around six billion rupees illegal transactions,” FIR read. “The fake account was used for transactions in accounts of various companies of Jahangir Tareen.”

“The probe found that the company’s chief Rana Naseem acted as main aide and made over 600 million rupees transactions from JWD’s accounts”.

Rana Naseem has claimed that the transactions were made for payment of salaries and bonuses, while the company was in deficit for last five years, according to the FIR.

The FIA has charged in the FIR that Jahangir Tareen, Amir Waris and Rana Naseem have been involved in money laundering.

It is to be mentioned here that the FIA Lahore office had summoned the representatives of sugar mills’ managements from March 31 (today) and directed them to bring relevant records of sugar stocks sold through the betting mafia from November 2020.

The sugar mills have also been directed to produce the record of sugar stocks that were declared sold before the Federal Board of Revenue (FBR) from November 1, 2020, as well as providing details of all corporate and ostensible bank accounts owned by the sugar mills. The records of all TTs (telegraphic transfers) were also demanded from the mills.

The agency had also issued call-up notice to JWD Sugar Mills of Jahangir Tareen on April 2.

Earlier on March 24, it emerged that the Federal Investigation Agency (FIA) had formed 20 teams to launch a massive crackdown under the anti-money laundering law against the sugar mafia.

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Corona claims 78 more lives in Pakistan during the past 24 hour

Coronavirus has claimed 78 more lives in Pakistan during the past 24 hours, taking the overall death toll to 14,434, reported on Wednesday.

The latest statistics of the National Command and Operation Centre (NCOC) showed the COVID-19 has claimed 78 more lives and 4,757 fresh infections were reported during the period.

During the period of a day, the total count of active cases was recorded at 50,397.

The health facilities across the country conducted 43,965 coronavirus detection tests, taking the total number of COVID-19 tests to 10,197,329 since the first case was reported.

According to the statistics, 27 patients were declared critical, adding to the total number of patients suffering from sensitive health condition up to 3,197.

Overall 603,126 people have recovered from the virus including 2,848 who have regained their health from COVID-19 during the past 24 hours.

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Corona claims 78 more lives in Pakistan during the past 24 hour

Coronavirus has claimed 78 more lives in Pakistan during the past 24 hours, taking the overall death toll to 14,434, reported on Wednesday.

The latest statistics of the National Command and Operation Centre (NCOC) showed the COVID-19 has claimed 78 more lives and 4,757 fresh infections were reported during the period.

During the period of a day, the total count of active cases was recorded at 50,397.

The health facilities across the country conducted 43,965 coronavirus detection tests, taking the total number of COVID-19 tests to 10,197,329 since the first case was reported.

According to the statistics, 27 patients were declared critical, adding to the total number of patients suffering from sensitive health condition up to 3,197.

Overall 603,126 people have recovered from the virus including 2,848 who have regained their health from COVID-19 during the past 24 hours.

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Pakistan to import Chinese Cansino vaccine in bulk to package 3m doses locally: Asad

Pakistan will import Chinese Cansino Biologics Covid-19 vaccines in bulk to package three million doses locally, Minister for Planning and Development Asad Umar said on Tuesday.

"We will be getting the bulk vaccine by mid-April from Cansino, from which 3 million doses can be made," Umar said on Twitter.

"The bulk vaccine received will be formulated, sterilised and packed in Pakistan. For this purpose special equipment has been procured and manpower is being trained," he said.

Meanwhile, the first batch of 60,000 doses of the vaccine is arriving today, he said.

Cansino's vaccine is one of the four approved by the Drug Regulatory Authority of Pakistan (Drap), the other three being China's Sinopharm, Russia's Sputnik-V and the Oxford University-AstraZeneca vaccine.

The company had last month released the interim efficacy results of a multi-country trial, which included Pakistan, showing 65.7 per cent efficacy in preventing symptomatic coronavirus cases and a 90.98pc success rate in stopping severe infections.

In the Pakistani subset, the efficacy of the vaccine at preventing symptomatic cases was 74.8pc and 100pc at preventing severe disease.

Pakistan also expects to receive one million doses of Sinopharm vaccine in a couple of days.

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Pakistani people also desire peaceful relations with all neighbours including India: PM Imran

Prime Minister Imran Khan has responded to his Indian counterpart Narendra Modi's Pakistan Day message, telling him that the Pakistani people "also desire peaceful, cooperative relations with all neighbours, including India", it emerged on Tuesday.

The premier wrote this in a letter to the Indian leader, a week after Modi told Imran in a message that his country, being a neighbour, desired cordial relations with the Pakistani people.

"I thank you for your letter conveying greetings on Pakistan Day. The people of Pakistan commemorate this Day by paying tribute to the wisdom and foresight of our founding fathers in envisioning an independent, sovereign state where they could live in freedom and realise their full potential," Prime Minister Imran wrote in the letter, dated March 29, the Foreign Office confirmed.

"The people of Pakistan also desire peaceful, cooperative relations with all neighbours, including India," he added.

The prime minister said Pakistan was convinced that "durable peace and stability in South Asia is contingent upon resolving all outstanding issues between India and Pakistan, in particular the Jammu & Kashmir dispute".

"Creation of an enabling environment is imperative for a constructive and result-oriented dialogue," Imran emphasised.

In his letter, the premier also conveyed best wishes for the Indian people in the fight against the Covid-19 pandemic.

"Please accept, Excellency, the assurances of my highest consideration," he concluded.

Prime Minister Modi in his letter had stated that "an environment of trust, devoid of terror and hostility" was imperative for friendly relations between the two countries.

The Indian premier had also conveyed wishes to Imran and the Pakistani people for dealing with the challenges of the coronavirus pandemic, terming it a "difficult time for humanity".

The development had come days after Prime Minister Imran said India would have to make the first move to normalise ties with Pakistan.

“We are trying, but India would have to take the first step and unless it does that we cannot move ahead,” the premier said while inaugurating the first edition of the Islamabad Security Dialogue.

The perpetually tense relations between the two countries, which have fought three wars, besides engaging in several episodes of limited conflict, suffered a breakdown after India illegally annexed occupied Jammu and Kashmir on August 5, 2019.

However, the two countries sprung a surprise last month by announcing the resumption of ceasefire at the Line of Control (LoC) after a ‘hotline contact’ between the directors general of military operations of the two countries. Many believe that agreement was made possible through a backchannel, although Pakistani officials strongly deny it.

No violation has since then been reported at the LoC and importantly there has been a visible reduction in rhetoric from both sides.

In his speech at the Islamabad dialogue, Prime Minister Imran said the Kashmir issue was the lone irritant standing in the way of better relations between Pakistan and India.

While addressing the same event, Army Chief Gen Qamar Javed Bajwa too stressed the need to resolve the Kashmir dispute through peaceful means, saying: "We feel it is time to bury the past and move forward."

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VW confirms it will rebrand US unit as ‘Voltswagen’

German automaker Volkswagen’s US unit confirmed Tuesday it will rename its US operations as “Voltswagen of America” as it shifts its focus to electric vehicles.

The revised name takes effect in May and the announcement came after several outlets on Monday reported on a draft release mistakenly posted on the automaker’s US website.

“We might be changing out our K for a T, but what we aren’t changing is this brand’s commitment to making best-in-class vehicles for drivers and people everywhere,” said Scott Keogh, president and CEO of Voltswagen of America in a statement.

The German automaker has committed to sell one million EVs worldwide by 2025.

The traditional VW Dark Blue color logo will remain for gas-powered vehicles and it will use a new light blue logo for electric vehicles. The company will use “Voltswagen” as an exterior badge on all EV models and gas vehicles will only have the VW emblem.

The name change will not impact other VW brands like Audi, Porsche or Bentley.

VW says new exterior and interior signs will soon appear on all U.S. properties and dealerships.

Volkswagen in 2015 admitted using illegal software to rig diesel engine tests in the United States, sparking Germany’s biggest corporate crisis and costing the carmaker more than 32 billion euros ($38 billion) in fines, refits and legal costs.

The German automaker, which has operated in the United States since 1955, said on Twitter: “We know, 66, is a unusual age to change your name, but we’ve always been young at heart.”

The world’s second-largest carmaker expects to double electric vehicle deliveries and boost profits for its core brand this year after stepping up its switch to fully electric vehicles.

The Volkswagen brand aims to invest 16 billion euros ($19 billion) in electrification and digitalisation by 2025.

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