ISLAMABAD: The Securities and Exchange Commission of Pakistan Chairman Zafar Hejazi has been arrested today.
The Federal Investigation Agency (FIA) on Friday arrested Chairman Securities and Exchange Commission of Pakistan (SECP) Zafar Hijazi 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.
A separate petition was filed in the Lahore High Court (LHC) today (Friday) demanding dismissal of Zafar Hijazi as SECP Chairman