ISLAMABAD: The National Accountability Bureau (NAB) and the Securities and Exchange Commission of Pakistan (SECP) have decided to create a joint task force to pursue corruption cases as the SECP has referred 16 such cases to the NAB.
The task force will consist of two senior level officers from the SECP – one each from the legal and operation side – and senior level officers of the NAB from Financial Crimes Investigation, Operation and Prosecution Wings.
The SECP has recently referred a complaint SECP to the NAB regarding alleged fraud, embezzlement and cheating public at large by the Sponsors, Directors and Management of M/s ACE Securities (Private) Limited (ASPL) Broker of Karachi Stock Exchange Limited.
