In a bid to launch a crackdown on the sugar mafia, the Federal Investigation Agency (FIA) on Thursday served a discover to Makhdoom Shehryar, the brother of the Federal Minister for Economic Affairs Khusro Bakhtiar, for allegedly promoting sugar via the follow of satta (price-fixing via collusion).
As per the discover, the company has additionally ordered Makhdoom Shehryar to go to its workplace on April 15, 2021, whereas he’s additionally requested to indicate the paperwork associated to the promoting of sugar via satta. That apart, Makhdoom can even have to clarify the process adopted by his mill to e-book and promote sugar via the method of satta.
Per the discover, the administration and shareholders have been accused of being concerned with the satta mafia, including that the latter is minting unlawful cash with the assistance of sugar mill house owners.
Commenting on the matter, Minister Khusro Bakhtiar maintained that whereas he had shares within the firm up to now, he doesn’t have them.
Last month, the Commercial Banking Circle of the FIA had arrested seven folks allegedly concerned with the sugar satta mafia which persistently elevated sugar costs by creating a man-made scarcity of the commodity.