Betting Sugar Mafia: FIA issues call-up notices to ‘major sugar mills’ [LIST]

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Last month, the Federal Investigation Agency Lahore issued call-up notices to sugar mills’ administrations and began its action against the sugar betting mafia.

The FIA Lahore office started summoning the representatives of sugar mills’ administrations from the 31st of March and directed them to bring relevant records of sugar stocks sold through the betting mafia from November 2020,

“On the report and findings of Sugar Commission 2020, the federal government had taken administrative, legislative and penal steps. Following this, the cases of major sugar mills’ were sent to FBR, FIA, NAB, Anti-Corruption and others agencies to take action against those who were involved in an artificial increase in sugar price and shortage of supply.”

Based on the sugar commission’s report, all the major sugar-producing groups were probed about artificially price hikes, adding that FIRs were registered against some sugar mills’ group while an investigation was also underway in this regard.

The sugar mills were also directed to produce the record of sugar stocks that were declared sold before the FBR from the 1st of November 2020 and provide details of all corporate and declared bank accounts owned by the sugar mills. The mill administrations were also investigated for records of all telegraphic transfers. 

Betting Sugar Mafia

The agency issued call-up notices to many sugar mills, including Chaudhry Sugar Mills (Nawaz Sharif Family), Rahim Yar Khan (RYK) Sugar Group (Moonis Elahi), Ramzan Sugar Mills (Shehbaz Sharif family), and JWD Sugar Mills (Jahangir Tareen).

betting
List of all the mills who received notices from the FIA.

Last month, it emerged that the FIA had constituted 20 teams to start a massive crackdown against the sugar mafia.

The sugar mafia had increased the commodity’s ex-mill price from PKR 70 per kilogram to PKR 90 in 2020 and earned over PKR 110 billion through betting.

According to sources, the sugar mafia had hundreds of fake bank accounts to hide the money earned through illegal means.

The FIA had also arrested seven dealers involved in sugar heist depriving people billion of rupees during a crackdown against speculative sugar pricing in Karachi.

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