Zafar Hijazi indicted in SECP record tampering case

F.P. Report

ISLAMABAD: Former chairman of the Securities and Exchange Commission of Pakistan (SECP), Zafar Hijazi was indicted on Friday for changing records related to the Chaudhry Sugar Mills and also applying pressure on subordinates to tamper documents.

Hijazi rejected the charges and pleaded not guilty during the hearing in the court of special Judge Iram Niazi.

Zafar Hijazi said that how can case has been registered when he not tempered nor pressurized any officer to alter the records.

However, the prosecutors said that the solid evidence against the former chairman SECP will prove that he is guilty in tempering the records.

An inquiry team of the Federal Investigation Agency had found Hijazi guilty of tampering the records of companies owned by the Sharif family.

The team had submitted a 28-page inquiry report to the Supreme Court on July 9, in which it had endorsed the stance of the joint investigation team probing the offshore assets of then Prime Minister Nawaz Sharif and his family in connection with the Panama Papers case.

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.