ISLAMABAD July 20 (TNS): Chairman Securities and Exchange Commission of Pakistan (SECP) Zafar Hijazi on having been taken into custody by the police precipitously fell sick and had to be taken to PIMS for medical treatment.
The reason of his sickness is being ascertained by the doctors at the hospital.
He was arrested earlier on Friday after Special Judge Central Tahir Mehmood’s cancelled his bail.
A lower court on July 17 had granted a five-day pre-arrest bail to Hijazi against two surety bonds worth Rs250,000 each after Hijazi filed for a pre-arrest bail as per Section 498 of the Criminal Procedure Code of Pakistan, citing medical grounds as the basis for the request.
An FIA inquiry team had found Hijazi guilty of tampering the records of companies owned by the Sharif family and recommended registering a First Information Report (FIR) against him.
The team submitted a 28-page inquiry report to the Supreme Court (SC) on July 9, in which it endorsed the stance of the joint investigation team (JIT) probing the offshore assets of Prime Minister Nawaz Sharif and his family in connection with the Panamagate case.
Hijazi’s lawyer had argued in court that SECP staffers did not tamper records of Chaudhry Sugar Mills under duress. He stated that both SECP officers named in the case acted on their own, adding that officer Maheen Fatima’s statement to the court did not make any mention of duress.
“Abid Hussain is a director and does not need any directives,” Hijazi’s lawyer said. “No such evidence has been brought forward that proves Hijazi was involved in the record tampering.”