'Future sales are a normal part', Tareen urges stop to smear campaign.

Former secretary-general of the ruling Pakistan Tehreek-e-Insaf (PTI), Jahangir Tareen, has asserted that future sales are a part of business everywhere and has asked the people to put an end to the smear campaign.

On Twitter, he said, 'Future sales are a normal part of business activity all over the world. It is used to secure future cash flow for normal business activity. It has nothing to do with Satta. All such sales are declared in JDW accounts in their entirety.'

The PTI leader also posted screenshots of the London Sugar Future sales figures to help explain his point.

Furthermore, he said: 'Stop the smear campaign'.

Last week, the banking court in Lahore had granted one-week interim bail to PTI leader Jahangir Tareen and his son Ali Tareen in two cases of corporate fraud and money laundering.

Additional District And Sessions Judge Hamid Hussain, while accepting the request, had granted bails until April 10 against surety bonds of Rs0.5million apiece.

He had also directed Federal Investigation Agency (FIA) to present its record against the accused in the next hearing.

The agency has booked Tareen and members of his family on charges of corporate fraud and money laundering.

The cases, filed on March 22, were registered under sections 406 (criminal breach of trust), 420 (cheating of public shareholders), and 109 of the Pakistan Penal Code (PPC), read with sections 3 and 4 of the Anti-Money Laundering Act, 2010.

In his response, Tareen had termed the charge sheet as 'totally fabricated'.

'I have already submitted a detailed...