The Federal Investigation Agency (FIA) has decided to shelve the case against former Pakistan Tehreek-e-Insaf (PTI) leader Jahangir Tareen and his son Ali Tareen, reported 24NewsHD TV channel.

A Federal Investigation Agency (FIA) Lahore investigation team registered a case of fraud and money laundering of Rs 7 billion against Jahangir Tareen and Ali Tareen on March 2021.   

The FIR states that Jahangir Tareen allegedly transferred illegal shares worth billions of rupees to Farooqi Pulp Mills Limited (FPML), which is owned by his son and close relatives.

According to FIA officials, the money laundering case was not proven, hence, the FIA officials decided to close the case.  

In this regard, FIA officials have prepared a plan of action to dispose of the case. They will approach the concerned magistrate for quashing the proceedings of the case soon.