Islamabad (August 2, 2017): Former Chairman Securities and Exchange Commission of Pakistan (SECP) Zafar Hijazi on Wednesday moved to court for post-arrest bail in Chaudhry Sugar Mill record tempering case.
A local court heard the bail application of Hijazi. After hearing arguments of the applicant counsel and FIA prosecutors the court reserved its judgment on the application.
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The court will announce its judgment on August 7, 2017 on the bail plea.
It is to be mentioned here that Hijazi is on judicial remand in the tempering case. Last week, a local court had sent Hijazi on a 14-day judicial remand to Adiala Jail.
Hijazi was taken into FIA custody earlier this month after a report released by the joint investigation team, probing Prime Minister Nawaz Sharif and his family’s wealth, alleged that the former SECP chairman had altered records related to Chaudhry Sugar Mills.
A case was registered against Hijazi on the orders of the Supreme Court after the three-member Panama Papers case implementation bench acted on the JIT report.
The first information report against the former SECP chairman was registered under Sections 466 (forgery) and 471 (using forged documents as genuine) of the Pakistan Penal Code (PPC), read with Section 5(2)(47) of the Prevention of Corruption Act, at FIA’s Special Investigation Unit (SIU) in Islamabad.