FIA summons heads of eight sugar groups

The Federal Investigation Agency (FIA) on Sunday called for chief financial officers (CFOs) and heads of sales of eight major sugar groups in connection with the ‘speculative price-hike of the sweetener.

“The FIA has summoned the chief financial officers (CFOs) and heads of sales of PTI’s Jahangir Tareen’s JDW Sugar Mills for April 2, Maryam Nawaz and Sharif family’s Chaudhry Sugar Mills on March 31, Punjab Assembly Opposition Leader Hamza Shahbaz’s Ramzan Sugar Mills on April 2, Madina Sugar Mills of Kissan group on April 7, Hamza Sugar Mills on April 8 and three others in the sugar scam. The owners of these sugar groups will be summoned at the later stage,” an official source told the media.

The FIA has recently captured Rs110 billion illegal earning by the sugar mafia during the last one year by ‘speculative pricing’ and it initiated action against those involved in it.