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.
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.
