Rejoinder: UBL Fund Managers denies fraud
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KARACHI:
UBL Fund Managers responded to a news item titled, “Trying to gain personally: Equity trader sacked for leaking confidential information”, that appeared in The Express Tribune on March 25, denying that any of its employees had committed a fraud of Rs70 million. It also denied that the Securities and Exchange Commission had conducted a raid on its premises and seized documents pertaining to the alleged fraud. In a statement, the asset management company said that no fraud had taken place and it was not under any investigation.
Published in The Express Tribune, April 4th, 2015.
UBL Fund Managers responded to a news item titled, “Trying to gain personally: Equity trader sacked for leaking confidential information”, that appeared in The Express Tribune on March 25, denying that any of its employees had committed a fraud of Rs70 million. It also denied that the Securities and Exchange Commission had conducted a raid on its premises and seized documents pertaining to the alleged fraud. In a statement, the asset management company said that no fraud had taken place and it was not under any investigation.
Published in The Express Tribune, April 4th, 2015.