Court hands over SECP chairman to FIA on 4-day physical remand

The Supreme Court (SC) on Saturday handed over former Security and Exchange Commission of Pakistan (SECP) Chairman Zafar Hijazi to Federal Investigation Agency (FIA) on four-day physical remand in Chaudhry Sugar Mills record tampering case.

According to details, four-member medical board will meet shortly for medical examination of Hijazi.

Meanwhile, sources privy to finance ministry said that Hijazi has not been relinquished from his post while notification pertaining to appointment of new chairman will be issued on July 24.

Senior-most commissioner of SECP and Commissioner legal Tahir Mahmood is favorite for the appointment as SECP chairman while notification in this regard is anticipated on July-24.

Joint Investigation Team (JIT) for Panama case had found former SECP Chairman guilty of tampering the records of companies owned by the Sharif family. Supreme Court had ordered FIA to launch probe against him in which he was charged.