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Transparency International questions on acting chairman SECP

Lahore: Transparency International in its letter to the securities and exchange commission of pakistan Policy Board and copy to the finance minister, highlighted the wrong doings of Tahir mahmood acting chairman SECP.

And how supreme court order has been violated by the incumbent chairman mr. Tahir mahmood and his cronies within SECP. Reference para 4 of the attached letter and para 6 in which TI highlighted that why Hala and Beema cases ( more than 1 billion rupees corruption) have been deleted from the policy board interim report in which tahir mehmood acting chairman secp is personally involved.

Tahir mehmood is aggressively lobbying to get his term renewed as a commissioner which is expected to be completed on 6 th of september 2013. According to the sources ministry of finance is investigating this multi million ruppees scam.

It is also worth mentioning that mr. Tahir mehmood has very close connections with mr. Anwar majeed a prominent business man and close aide of the president zardari who helped him in becoming a commissioner in 2010 in spite of his negative notings by the then secretary finance mr. Salman siddique on his file for appointment as commissioner.

The renewal of mr. Tahir mehmood s term as a commissioner shall be the gross violation of supreme court orders and will be a black spot on the integrity of the PMLn s government.

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