Ex-SECP chairman Zafar Hijazi's bail approved

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Ex-SECP chairman Zafar Hijazi
Ex-chairman of Securities & Exchange Commission of Pakistan (SECP) Zafar Hijazi’s bail plea has been approved in record tampering case.

According to the details, special judge central has ordered to immediately release Hijazi after his bail was accepted over surety bonds of Rs 5 lac each.

It was disclosed that Zafar Hijazi had on June 29, 2016, ordered Ali Azeem and Maheen Fatima to close the inquiry of Chaudhry Sugar Mills in the date of January 2013. He also pressurized his subordinates to forge the records.

The inquiry committee recorded statements of 12 officers and found SECP chairman guilty of “misconduct by passing illegal orders and pressuring his subordinates to do illegal acts, calling to lodge a case under Sections 466, 472 PPC read with 5 (2) PCA 1947 against him.

Earlier on July 22, Federal Investigation Agency (FIA) nabbed Zafar Hijazi from Islamabad High Court’s (IHC) room.

Originally Posted on SuchTv

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