NAB arrests director AWJ Securities Hassan Waheed on corruption charges

Share
According to a press release issued here on Wednesday, a complaint received from Stock Exchange Corporation of Pakistan (SECP) according to which Director of M/S AWJ Securities Pvt, Ltd have defrauded public at large, 120 complainants have filed complaints against the accused, total liability of accused is Rs 260 million approximately.
The accused Hassan Waheed, Director M/S AWJ Securities Pvt Ltd with fraudulent intentions collected huge amount from public at large for the purpose of sale and purchase of shares in stock Exchange with malafide intentions that amount in his own use.
The NAB presented Hassan Director of M/S AWJ Securities Pvt Ltd, before the Accountability Court. The Court has granted physical remand to the NAB for 10 days.
Earlier, Qamar Zaman Chaudhry, Chairman NAB has taken cognizance of two cases on a complaints 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.-Online
- Impact of climate change on Pakistani agriculture06:22 AM | 27 May, 2022
- Pakistan becomes a full member of the international olive council09:53 PM | 22 May, 2022
- Impact of Climate Change on Mango Production in Pakistan08:30 PM | 19 May, 2022
- Pakistan agriculture facing severe water shortage06:33 AM | 16 May, 2022
- Effects of severe heat wave on crops in Pakistan06:17 PM | 11 May, 2022
- Pakistan to celebrate Youm-e-Takbeer with national zeal11:17 AM | 27 May, 2022
- Pakistani mountaineer Ali Raza Sadpara passes away10:46 AM | 27 May, 2022
- Indian troops martyr three Kashmiri youth in IIOJK10:17 AM | 27 May, 2022
- PM Shehbaz to announce relief package for those who can’t afford ...09:45 AM | 27 May, 2022
- Today's currency exchange rates in Pakistan - Dollar, Euro, Pound, ...09:19 AM | 27 May, 2022
- Amna Ilyas’ new bold photo from France sets internet on fire07:13 PM | 26 May, 2022
- Fans share their dance videos to celebrate Ali Zafar’s hit song ...05:50 PM | 26 May, 2022
- Alizeh Shah’s new video of enjoying song in car goes viral04:45 PM | 26 May, 2022
- Five best Pakistani YouTube channels that would make your Ramadan ...12:24 PM | 15 Apr, 2022
- Where does Pakistan stand in most powerful passport list in 2022? ...08:37 PM | 5 Apr, 2022
- International Women's Day - Pakistani women who made a mark globally!09:55 PM | 8 Mar, 2022
- ‘Hybrid regime’: Pakistan among worst nations on EIU's Democracy ...01:22 PM | 12 Feb, 2022