Zafar Hijazi remanded in FIA custody for four days

Hijazi, who was serving as the SECP chairman, was held after court rejected pre-arrest bail in record-tampering case

The Securities and Exchange Commission of Pakistan (SECP) chairman Zafar Hijazi was sent on physical remand for four days to the Federal Investigation Agency (FIA).

He was, however, shifted to Pakistan Institute of Medical Sciences (PIMS) after his appearance before the court.

Hijazi was arrested on Friday after the special judge central rejected his pre-arrest bail. An FIA inquiry team had found him guilty of tampering with the records of companies owned by the Sharif family.



Earlier on Saturday, the SECP chairman was brought to the court in an ambulance in stringent security.

In December 2014, the finance ministry appointed Hijazi as SECP commissioner for three years. Hijazi is considered a close confidante of Finance Minister Ishaq Dar.

The Joint Investigation Team (JIT) – which had probed into the Sharif family’s offshore assets in line with the apex court’s April 20 verdict in the Panamagate case – alleged that the SECP chairman tampered with records of the Sharif’s sugar mills.