The Federal Investigation Agencylink) hasformed 20 teams to launch a massive crackdown against the sugar mafia.
According to sources, the crackdown will be launched under anti-moneylaundering act.
The sugar mafia hiked the commodity’s ex-mill price from Rs70 per kilogramto Rs90 during the past year and earned over Rs110 billion through satta,the sources revealed.
The mafia was involved in creating artificial shortage of the essentialitem and surging the rates of the commodity. The sugar mafia had hundredsof fake bank accounts to conceal the money earned through illegal means,said the sources.
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The mafia planned to increase sugar prices during the upcoming holy monthof Ramazan.
Earlier on March 10, Prime Minister (PM) Imran Khan had shown resentmentover the Federal Board of Revenue (FBR) as it failed to show any recoveriesfrom the sugar mills owned by the government personalities.
