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Chairman SECP Zafar Hijazi arrested after Court rejects bail

ISLAMABAD: Chairman Securities and Exchange Commission of Pakistan Zafar Hijazi was arrested from outside the court on Friday after Special Court FIA rejected his bail-before-arrest application of Chairman in record tempering case. Hijazi was escorted by FIA personnel to SIU Police Station.

Hijazi’s counsel had argued that there is no signature of his client on any file and that the allegations made against his client were baseless. He also argued that the SECP officials tempered the Commission’s records without any pressure. Abid Hussain is an Executive Director who did not need any instructions, he added. The counsel of the beleaguered chairman SECP also gave many references of the superior courts.

It may be mentioned here that FIA) had lodged an FIR on July 10 against Mr Hijazi for allegedly tampering with the record of Chaudhry Sugar Mills on the order of Supreme Court.

The FIR was registered under sections 466 (forgery) and 471 (using of forged documents as genuine) of the Pakistan Penal Code (PPC), read with Section 5(2)47 of the Prevention of Corruption Act, at FIA’s Special Investigation Unit (SIU) in Islamabad.

A petition seeking removal of Zafar Hijazi as Chairman SECP was filed on July 20 at the Lahore High Court. Chairman Security and Exchange Commission of Pakistan (SECP), who was found guilty in record tampering of data given to JIT, from his post.

Petitioner Zahoor Ali argues through his lawyer Saba Saeed that record tempering against the SECP Chairman Zafar Hijazi has been proved and a case has already been filed against him, therefore he should be removed from his post.

The petitioner had also argued that after using his power for illegal way to protect the Sharif family, Zafar Hijazi was not eligible for the post.

“Now SECP Chairman has become controversial and court should order removal of SECP chairman,” It said.

On July 10, the three-member bench of the Supreme Court comprising Justice Ejaz Afzal Khan, Justice Sheikh Azmat Saeed, and Justice Ijaz-ul-Ahsan, which is monitoring the implementation of the Panama case had ordered registration of a case against chairman Securities and Exchange Commission of Pakistan Zafar Hijazi for obstructing justice.


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