SECP raises red flag on Prime Zone Ltd for alleged illegal investment schemes

MG News | December 21, 2023 at 10:35 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

December 21, 2023 (MLN): The Securities and Exchange Commission of Pakistan (SECP) has issued a public alert, citing its observation that Prime Zone and its owner, Imran Butt, are engaged in illegal deposits and offering investment schemes to the public.

This activity involves promising unrealistic monthly returns under the guise of LPG trading.

The entity is operating social media pages with the title "Prime Zone Ltd." and giving a false impression of being a registered company.

The public is hereby informed that no company with the name and style of 'Prime Zone Ltd' is registered with the SECP.

Prime Zone is neither a registered entity nor is it allowed to accept deposits or investments from the public.

Moreover, the SECP has initiated legal proceedings against the involved persons.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	168,021.80 127.60M	-0.81% -1370.52
ALLSHR	101,556.94 354.31M	-0.67% -689.83
KSE30	49,991.48 75.67M	-0.94% -476.61
KMI30	238,953.80 53.22M	-0.89% -2154.95
KMIALLSHR	65,832.11 176.71M	-0.62% -413.39
BKTi	46,602.60 33.62M	-0.83% -389.71
OGTi	34,306.19 5.41M	-0.53% -182.74

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	76,000.00	76,030.00 76,000.00	-85.00 -0.11%
BRENT CRUDE	105.60	108.59 104.00	-3.15 -2.90%
RICHARDS BAY COAL MONTHLY	130.00	0.00 0.00	4.60 3.67%
ROTTERDAM COAL MONTHLY	138.50	0.00 0.00	-0.50 -0.36%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	101.95	102.24 101.87	-0.48 -0.47%
SUGAR #11 WORLD	18.01	18.18 17.68	0.07 0.39%