ISLAMABAD – A lower court approved Security and Exchange Commission of Pakistan (SECP) Chairman Zafar Hijazi’s pre-arrest bail application, here on Monday.
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Hijazi has been granted five-day bail against two surety bonds worth Rs250,000 each by special judge central Tahir Mehmood.
Earlier, on July 13, Zafar Hijazi was granted a transit bail till Monday (today)by the IHC bench, headed by Justice Mohsin Akhtar Kayani.
Hijazi had filed for a pre-arrest bail as per Section 498 of the Criminal Procedure Code of Pakistan. The SECP chief’s counsel, Sheikh Ansar, cited medical grounds as the basis for the request.
Hijazi has been under the radar ever since the six-member Joint Investigation Team disclosed before the supreme court that SECP was tampering with the record pertaining to Chaudhry Sugar Mills of ruling Sharif family.
On July 10, when the JIT submitted its final report, the supreme court ordered registration of criminal case against Zafar Hijazi.
Acting upon the apex court’s orders, the Federal Investigation Agency (FIA) filed the case with the Special Investigation Unit.
The criminal case was registered against the official under sections 466 and 471 of the Pakistan Penal Code.
Section 466 lists a seven-year imprisonment and fine for those who forge a legal document, while section 471 punishes in the same manner for using as genuine a forged document, Geo News reported.
On the other hand, the apex court has resumed on Monday (today) the case regarding implementation of Panama case judgment.