The Federal Investigation Agency on Friday while annulling the inquiry into laundering Rs2 billion against disgruntled Pakistan Tehreek-e-Insaf leader Jahangir Tarin and his son Ali Tarin closed the case.
District and Sessions court’s judicial magistrate heard the plea. The FIA’s investigation officer stated that no allegation of money laundering by Tarins was proved during inquiry. “It is a case of investment which should be proceeded in the civil court [instead]”, he added.
He said all the transactions were carried out following the Securities and Exchange Commission of Pakistan laws, and Tarins furnished the documentary evi dence of the transactions. “No evidence was found for transactions in US dollars too”, he added.
The court after reviewing the investigation officer’s report rubbished the First Information Report against the accused.
