ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) Chairman Zafar Hijazi has once again announced to bring back the sponsors and directors of ACE Securities Private Limited and Eastern Capital Limited to the country.
The SECP chairman, in a statement, reiterated to ensure that the affected investors are adequately compensated. He said that at the moment, SECP’s focus is on bringing the sponsors and directors back and for that purpose a letter has been written to the chairman of National Accountability Bureau (NAB).
Zafar Hijazi, considering the seriousness of the matter also met NAB chief to get the process expedited. During the meeting the SECP chairman suggested that assistance of an international agency may be sought for the extradition. To underscore his resolve in this matter, Hijazi said that the four corners of the world would be searched to find the culprits. He said, “We are aware of the concerns being expressed in this regard.”
An internal exercise is also being carried out to determine if anyone at the SECP showed any laxness. Also, if there is a flaw found in the system of the SECP or KSE, it would also be fixed without any delay, said Chairman Hijazi. Chairman SECP has deeply appreciated the prompt instructions of NAB Chairman to his team to immediately start taking necessary actions in a determined way.
