KARACHI, July 24: Jamiat Ulema-i-Pakistan Senior Vice-president Shah Faridul Haque, Pakistan Muslim League-N Vice-president Mian Ejaz Shafi and lawyer Nasir Rizwan have demanded the finance ministry and the State Bank governor that a probe be ordered into the scandal of declaring about 70 companies broke.

They have also asked the authorities in a statement to order an investigation into the conspiracy of not releasing of index by 700 companies and to expose the billionaires who had made money from the stock market through engineered process.

Karachi MMA chief Hafiz Muhammad Taqi has expressed his surprise over the corruption in the stock market and urged the authorities concerned to take notice of financial discrepancies and ensure payment to the share holders by selling assets of the broke companies. The persons whose firms had gone broke should be blacklisted from launching new companies in future, he added.