Sharifs’ sugal mills record provided by SECP to JIT

On Friday, 30th June 2017, The top brass of SECP appeared before the Joint Investigation Team (JIT) and provided record of the Chaudhry Sugar Mills which is owned by the Sharif family, whose business dealings abroad are being probed.

Chairman Zafar Hijazi along with four other officials of Securities and Exchange Commission of Pakistan had been quizzed for several hours by the investigation team, which was headed by Wajid Zia.

According to the Sources in Friday’s appearance the SECP officials had submitted to the probe team all the relevant documents related to the sugar mills of Prime Minister Nawaz Sharif’s family, which is facing allegations of corruption and money laundering in Panama leaks case.

The sources said that the SECP’s companies’ registration section also handed over important documents and record related to the Chaudhry Sugar Mills.

Previously the JIT had complained to the Supreme Court that SECP had allegedly tampered with the record, apparently in order to favor the accused. The court then had formed a team of the Federal Investigation Agency to probe the allegations.

Record tampering controversy had deepened drastically when the SECP put forward claims that it had closed the probe against Chaudhry Sugar Mills in 2013, before the PML-N came to power, however signatures on the documents showed the inquiry was closed in 2016.

Sources have said that the ending of the probe was not documented on paper by the SECP.

Maheen Fatima, who is the current director of the Internal Audit and Compliance Department, has revealed before the JIT that she had initiated investigations against Chaudhry Sugar Mills in 2011, however the case had been closed in 2016. Reportedly, she has maintained her stance before the FIA team as well.

Maryam Nawaz Prime Minister’s daughter has also been summoned by the JIT on July 5th.

Maryam will be the fifth member of the family to appear before the probe body as her two brothers Hasan and Hussain Nawaz, her father Nawaz Sharif, uncle [Punjab Chief Minister] Shehbaz Sharif and her husband Capt (r) Mohammad Safdar had already deposed before the JIT.

The JIT has summoned Hussain Nawaz and his younger brother Hasan again on July 3 and 4, respectively.

The prime minister’s cousin, Tariq Shafi, who had also deposed before the probe body, has also been summoned once again by the JIT on July 2.

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