FIA’s Report To Supreme Court Against SECP Chair

FIA’s Report To Supreme Court Against SECP Chair

A team from the Federal Investigation Agency (FIA) revealed the involvement of Securities and Exchange Commission of Pakistan (SECP) Chair Zafar Hijazi in meddling with the records of companies owned by the Sharif family. The team decided on registering a First Information Report (FIR) against him.

A 28-page inquiry report was submitted by the FIA team to the Supreme Court (SC). It recognized and supported the stance of the joint investigation team (JIT) searching the offshore assets owned by former Prime Minister Sharif as disclosed by the Panama case.

The SECP was holding its first bi-weekly meeting since the establishment of the investigation group – the meeting had been put off as long as the examiners stayed on SECP premises.

Rumours circled that the meeting was postponed until Tahir Mahmood, the magistrate of the Company Law Division, left on ex-Pakistan leave.

 

The views expressed in this article are those of the author and do not necessarily represent the views of CourtingTheLaw.com or any other organization with which she might be associated.

Maneha Tariq

The writer is a graduate of Lahore Grammar School Defence and is currently pursuing the LLB degree from Lahore University of Management Sciences (LUMS). She has previously worked for DIL organization (Developments in Literacy) as their New York correspondent and for Paperazzi Magazine as a summer intern.



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