ISLAMABAD – The chairman of Securities and Exchange Commission of Pakistan(SECP), Tahir Mahmood has made startling revelations.
He has confessed involvement in a slew of underhanded dealings utilizinghis official position some two decades ago.
According to a confessional statement dating back to 2002, Mahmood statedthat he used to assist two individuals named Tahir Siddique and ShaikhBarkatullah who were deeply involved in setting up companies in a shadymanner.
The confessional statement recorded by Faqeer Muhammad highlights thatTahir Siddiqui was the bigwig of Prudential group and Mahmood had developedterms with him as well as with then chairman of Employees Old-Age BenefitsInstitution (EOBI), Sheikh Barkatullah.
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As per the confessional statement, the troika then set up multiplecompanies in which incumbent SECP chief – who was serving at a lowerposition back in 1999 – assisted both Siddiqui and Abdullah and evendelivered cash to the latter when ‘shoddy’ deals were finalized.
