Tahir Mahmood to be appointed acting SECP chairman: sources
July 21, 2017
ISLAMABAD: The government on Friday decided to appoint Tahir Mehmood, serving as a senior commissioner at the Securities and Exchange Commission of Pakistan (SECP), as the acting chairman for the regulatory body, according to sources.
The decision was taken after the arrest of Zafar Hijazi, said sources at the finance ministry.
Sources added that Mehmood has also given a statement against Hijazi before the Federal Investigation Agency (FIA).
Earlier today, Hijazi was arrested by the FIA after after Special Judge Central Tahir Mehmood's cancelled his bail.
A lower court on July 17 had granted a five-day pre-arrest bail to Hijazi against two surety bonds worth Rs250,000 each after Hijazi filed for a pre-arrest bail as per Section 498 of the Criminal Procedure Code of Pakistan, citing medical grounds as the basis for the request.
An FIA inquiry team had found Hijazi guilty of tampering the records of companies owned by the Sharif family and recommended registering a First Information Report (FIR) against him.
