A local court in Islamabad sent the former Securities and Exchange Commission of Pakistan (SECP) chairman Zafar Hijazi on a 14-day judicial remand to Adiala Jail on Saturday.

Zafar Hijazi, ex-SECP chief.
Zafar Hijazi, ex-SECP chief.

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.

Hijazi was presented before the Senior Civil Judge Muhammad Shabbir after his three-day physical remand with the Federal Investigation Agency (FIA) ended. The FIA requested the court for a further three-day physical remand which was contested by Hijazi's counsel, Azid Nafees, who argued that his counsel had already been in FIA custody for seven days.

Rejecting FIA's request, the court sent Hijazi to Adiala Jail on a 14-day judicial remand.

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.

Opinion

Editorial

Plugging the gap
06 May, 2024

Plugging the gap

IN Pakistan, bias begins at birth for the girl child as discriminatory norms, orthodox attitudes and poverty impede...
Terrains of dread
Updated 06 May, 2024

Terrains of dread

Restored faith in the police is unachievable without political commitment and interprovincial support.
Appointment rules
Updated 06 May, 2024

Appointment rules

If the judiciary had the power to self-regulate, it ought to have exercised it instead of involving the legislature.
Hasty transition
Updated 05 May, 2024

Hasty transition

Ostensibly, the aim is to exert greater control over social media and to gain more power to crack down on activists, dissidents and journalists.
One small step…
05 May, 2024

One small step…

THERE is some good news for the nation from the heavens above. On Friday, Pakistan managed to dispatch a lunar...
Not out of the woods
05 May, 2024

Not out of the woods

PAKISTAN’S economic vitals might be showing some signs of improvement, but the country is not yet out of danger....