The Federal Investigation Agency (FIA) has taken legal action against former finance minister Shaukat Tareen over leaked audio recordings.
The tapes apparently capture Tareen pressuring provincial finance ministers to reject terms agreed to by the federal government in an attempt to block a loan program with the International Monetary Fund.
Despite Tareen’s efforts, the program was ultimately approved. The case has been registered under the Prevention of Electronic Crimes Act and was launched after a federal government request.
Tareen was previously summoned by the FIA but failed to provide satisfactory answers. The contents of the FIR indicate that Tareen is not cooperating with the agency and attempting to conceal the truth.
The Tareen Audio Controversy
Former finance minister Shaukat Tarin is facing allegations of interfering with Pakistan’s bailout package from the International Monetary Fund.
Ahead of the IMF board meeting to approve the package, Tarin allegedly made phone calls to former finance ministers of Punjab and Khyber Pakhtunkhwa, urging them to withdraw the commitment for a surplus budget.
The leaked audio was made public on the day of the IMF executive board meeting to consider releasing a $1.2 billion tranche under the Extended Fund Facility.