Tuesday , June 2 2020

NAB harassment preventing staff from working: SECP

SECP

KARACHI: The head of the Securities Exchange Commission of Pakistan (SECP) Policy Board Khalid Mirza has said the organization was being damaged by interfering in its working.

Speaking to Geo News program Aaj Shahzeb Khanzada Kay Saath, Mirza said due to pointless irritation by National Accountability Bureau (NAB), the staff was not ready to work. “The cases being inspected by National Accountability Bureau against us prima facie do not include any crime by our officers. I fail to understand their inspiration and do not know who has prompted all this. One of our officers was imprisoned by NAB for nearly 50 days and then we were asked to conduct an inquiry if he was involved in any crime,” he said.

He added the Securities Exchange Commission of Pakistan must notify the court after carrying out the inquiry. “Our primary faithfulness lies with the staff of SECP if they are being stressed, we have to defend them,” Mirza added.

He also said they had also informed the federal government but there was no reply from them. He said he was not liked by many in the top government circles. “A few days ago I was discharged from SECP but I am working here due to the high court’s stay order. I had not done something wrong,” he said.

Mirza said the Securities Exchange Commission of Pakistan was also under a severe crisis due to the employment of staff without merit in the last 4 to 5 years. He added, there was a lot of intervention in their work. “Both the government and confident market forces are mistreating and abusing the SECP,” he said. He claimed some of these market leaders belong to the international mafia as well.

The chief added market oscillation was not certainly dependent on its strength. He said 18-20 people were arrested by National Accountability Bureau and were not being free and that no one is interested in the situation.

“We have to cooperate with the law enforcement agencies and give them the sought after information. The government must ask them to return our staff and cases,” he said.

Mirza added the government must defend SECP’s independence and individuality. “No one seems interested in SECP, capital market or the corporate sector,” he added.

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