Qamar Zaman Chaudhry, Chairman NAB has taken cognizance of two cases on a complaint lodged by Chairman, Securities and Exchange Commission of Pakistan (SECP) regarding MR Securities (SMC-Private) Limited (MRSPL) and AWJ Securities Private Limited.
The two brokerage Houses registered with SECP have been complained against for non-transfer/non delivery of Securities and non-payments of cash to the investors. It has been alleged that MR Securities (SMC-Private) Limited (MRSPL) and AWJ Securities Private Limited brokerage House's Directors/Management have cheated investors at large through fraudulent means.
The Chairman NAB has taken serious notice of the matter and ordered NAB Islamabad / Rawalpindi and NAB Lahore to conduct inquiry on the complaint under NAO -1999 following under their respective jurisdiction. Earlier, in line with Chairman NAB's firm resolve and commitment to eradicate corruption and corrupt practices from the country, NAB and SECP have created a Joint Task Force comprising of senior level officers of NAB and SECP in order to work expeditiously on corruption cases referred by SECP to NAB.-PR
Comments
Comments are closed.