LAHORE: Qamar Zaman Chaudhry, Chairman NAB, has taken cognizance of two cases on the complaint lodged by Chairman, Securities and Exchange Commission of Pakistan (SECP), regarding MR Securities (SMC-Private) Limited (MRSPL) and AWJ Securities Private Limited. The two brokerage Houses registered with SECP have complained about the non-transfer/non-delivery of securities and non-payments of cash to the investors. It has been alleged that MR Securities (SMC-Private) Limited (MRSPL) and AWJ Securities Private Limited brokerage Houses’ Directors/Management have cheated investors at large through fraudulent means.
The chairman NAB has taken serious note of the matter and ordered the NAB Islamabad/Rawalpindi and NAB Lahore to conduct an inquiry into the complaint under the NAO-1999 following their respective jurisdictions.
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Earlier, in line with the chairman NAB’s firm resolve and commitment to eradicate corruption and corrupt practices from the country, the NAB and SECP have created a Joint taskforce, comprising of senior officers of the NAB and SECP, to work expeditiously on corruption cases referred by the SECP to NAB.
