Daily Times
April 2, 2021
A banking court on Thursday granted interim bail to Chief Financial Officer (CFO) JWD Sugar Mills, Rana Naseem Ahmed, in the sugar scam and money laundering charges.
Rana Naseem Ahmed moved the banking court after the Federal Investigation Agency (FIA) team probing the sugar scam registered a case against Jahangir Tareen, his son Ali Tareen and him.
The JWD CFO pleaded innocent before the court in his plea and added he has nothing to do with the hike in sugar price. The court after hearing arguments reserved its decision.
Later, banking court Judge Ameer Ahmed Khan, while granting interim bail to Rana Naseem, ordered him to submit a surety bond of Rs0.5 million. The court has also barred FIA from arresting the accused.