Zafar Abdullah to be appointed acting SECP chairman: sources
July 22, 2017
ISLAMABAD: The government on Saturday decided to appoint Zafar Abdullah, currently serving as senior commissioner at the Securities and Exchange Commission of Pakistan (SECP), as the acting chairman of the regulatory body, according to sources.
The notification for the appointment has been sent to the prime minister for approval, sources added.
The decision was taken after the arrest of SECP chairman Zafar Hijazi.
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.
On Friday, Hijazi was arrested by the Federal Investigation Agency (FIA) 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.
