ISLAMABAD: The Federal Investigation Agency (FIA) has sent three names to the Supreme Court for the Joint Investigation Team (JIT). Additional Director General (BPS 21) Wajid Zia will most likely head the team.
The names of other two additional DGs – Captain (R) Ahmed Latif and Dr Shafiq-ur-Rehman – have also been sent but Mr. Latif said he might not be able to discharge his services due to some personal engagements.
The names of Director Islamabad Mazharul Haq Kakakhail and Director Lahore Usman Anwar have also been sent to the SC. One of them will be working as convener. Meanwhile, informed officials of the Securities and Exchange Commission of Pakistan (SECP) said it might hire the services of a foreign firm, if the top court asked so, to assist the JIT in investigating offshore companies or tracking the money trail as the commission does not have any forensic experts.
The SECP hired the services of us-based M/s Diligence to conduct forensic investigation of a stock exchange scam in Karachi in 2005.
The SECP has shortlisted the names of Imran Inayat Butt, executive director, policy regulation and development department; Ali Azeem Ikram, executive director, insurance division; Yasir Manzoor, director surveillance; Muzaffar Mirza, director law; Usman Hayat, executive director, finance; and Tariq Bakhtawar, director.
