LAHORE: A sessions court and a banking crimes court granted bail to estranged PTI leader Jahangir Tareen and his son, Ali Tareen, in different cases registered against them by the Federal Investigation Agency (FIA).
Additional Sessions Judge Hamid Hussain presided over the hearing of the bail petition filed by the PTI leader. The court barred the FIA from arresting Tareen and his son, seeking a full record of case by April 10.
Meanwhile, the banking crimes court also granted bail to the two till April 7 and sought the record of the case from the FIA. Barrister Salman Safdar, who appeared in the court on behalf of the two, argued that the FIA registered a false and baseless case and no illegal act has been named.
Talking to journalists outside the court, Jahangir Tareen said he had nothing to do with accusations against him. “It was not the job of the FIA to investigate the decisions of my company but it was the job of the Securities and Exchange Commission of Pakistan and the Federal Board of Revenue,” he added.
“The FIA started investigation deliberately by using the word money laundering. We will present our position before the court and we will be happy to do so,” he added.
According to FIRs, two separate cases were registered under sections 406 (criminal breach of trust), 420 (cheating of public shareholders) and 109 of the Pakistan Penal Code (PPC), read with sections 3/4 of the Anti Money Laundering Act, against Tareen and his son.
The FIR had stated that the private company was owned by his sons and close relatives. Additionally, it had said that Tareen, his son and another family member had purchased cash (US dollar) from the open market in Lahore in a “structured manner”.
