Islamabad High Court (IHC) on Monday has rejected plea of former chairman of the Securities and Exchange Commission of Pakistan (SECP) Zafar Hijazi to dismiss record tampering case against him.
According to details, the judge has ordered the trial court to carry on investigation of the case. Earlier on October 27, Zafar Hijazi was indicted by Special Judge Central Iram Niazi.
It is to be mentioned here Federal Investigation Authority (FIA) had endorsed allegations leveled by Panamagate JIT’s head Wajid Zia and found SECP chairman Zafari Hijazi guilty of tampering with record of Sharif family’s companies. The authority had penned a letter to Interior Ministry to put offender’s name on Exit Control List (ECL).
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."
It called for lodging a case under Sections 466, 472 PPC read with 5 (2) PCA 1947 against him.
