LAHORE: The Federal Investigation Agency (FIA) has arrested two alleged frontmen of Pakistan Muslim League-Quaid (PML-Q) senior leader and former federal minister Moonis Elahi in a multibillion sugar scam inquiry.
Sources said the alleged frontmen, identified as Nawaz Bhatti and Mazhar Iqbal, were taken into custody by the agency after it detected Rs 24 billion in their bank accounts which was disproportionate to their income.
According to the FIR registered on Tuesday, the FIA had booked Moonis under Sections 34 (acts done by several persons in furtherance of a common intention), 109 (punishment for abetment), 420 (cheating and dishonestly inducing delivery of property), 468 (forgery for purpose of cheating) and 471 (using a genuine forged document) of the Pakistan Penal Code, read with Section 5(2) of the Prevention of Corruption Act, 1947 and Section 4 of the Anti-Money Laundering Act, 2010.
Registered on the complaint of state at FIA’s Lahore Corporate Crime Circle, the FIR stated that the agency’s Lahore Anti-Corruption Circle had registered an inquiry on August 7, 2020, pursuant to a report of the Sugar Inquiry Commission 2020.
The FIR said that in light of the report, the FIA was mandated by the federal government to probe financial and corporate frauds committed by various sugar mills, including Rahim Yar Khan/Alliance Sugar Mills Group.
“During the ongoing probe against RYK/Alliance Sugar Mills Group, it transpired that the following low-profile…
