Committee to probe allegations levelled by Panama JIT on SECP


ISLAMABAD, June 24(TNS): A four-member committee has been constituted to investigate the alleged changes made in the records by Securities and Exchange Commission of Pakistan and other institutes.

Formed by the acting chairperson of Federal Investigation Agency, Captain (retd) Ahmed Latif, the committee will be headed by Anti-Corruption Wing Director Maqsood-ul-Hassan. Besides the director, it will include deputy directors, Ayaz Khan, Farooq Latif and Tahir Tanvir.

The decision has been taken after the Panama case Joint Investigation Team complained against the SECP and other institutes for tampering with its records.

Institutions tampering with records, creating hurdles.

In its second report submitted to the Supreme Court, the JIT has alleged that the SECP Chairperson Zafar-ul-Haq Hijazi and Executive Director Ali Azeem were tampering the records of Chaudhry Sugar Mills the team had asked for. The JIT stated it also asked for the documents of all the past enquiries carried out against the Sharif family, but the SECP denied of any such enquiry being carried out in the past.

Besides SECP, the JIT also complained of the Federal Board of Revenue of not providing the required records and the Ministry of Law for delaying, by five days, a letter needed for investigations abroad.