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Court Acquitted Former SECP Chairman In Record Tempering Case

admin-augaf by admin-augaf
November 4, 2023
in Business, Finance, News
Reading Time: 1 min read
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Islamabad High Court

Islamabad High Court

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Islamabad November 4 2023: The court of Special Judge Central in Islamabad acquitted former Chairman Security Exchange Commission of Pakistan SECP Zafar Hijazi in the record tampering case.

The court has said that the prosecution has failed to prove the allegations.

The FIA had registered a case against him in July 2017 in the light of Supreme Court directives.

Islamabad Special Judge Central Shahrukh Arjamand has accepted the acquittal plea of former SECP Chairman Zafar Hijazi in the Chaudhary Sugar Mills record tampering case.

The FIA had registered a case in July 2017 for allegedly tampering with the records of Chaudhary Sugar Mills.

According to the text of the FIR, Zafar Hijazi tampered with the records of Chaudhary Sugar Mills as Chairman SECP.

The statements of three SECP officers, who became promissory witnesses, were made part of the chargesheet, who said that the then chairman Zafar Hijazi pressured them into tampering with the records.

It was stated in the acquittal that on December 17, 2014, Zafar Hijazi was appointed as the Chairman of SECP.

Both the cases related to money laundering and investigation of Chaudhary Sugar Mills date back to 2013 before his appointment and therefore do not make the case.

Tags: CourtFinancial FraudSECP
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