SECP's Zafar Hijazi granted bail in record tampering case

A local court in Islamabad granted Zafar Hijazi, the former chairman of Securities and Exchange Commission of Pakistan (SECP), post-arrest bail against two surety bonds worth Rs1 million on Tuesday.

Judge Irum Niazi granted Hijazi bail in the Chaudhry Sugar Mills record tampering case after the payment of the surety bonds.

Hijazi is the prime suspect in the record tampering case. He was sent to Adiala jail by a local court on 14-day judicial remand on July 29.

He will be presented in court for hearing of the case on Wednesday.

The Federal Investigation Agency took Hijazi into custody in July, after a report released by a joint investigation team probing Prime Minister Nawaz Sharif and his family's wealth during the Panama Papers case alleged that the former SECP chairman had altered records related to the mills.

Last month, the federal government appointed Zafar Abdullah as acting chairman of the SECP while placing the incumbent Hajazi under suspension.

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