The troika that has involved the nation’s top stock financier house AKD Securities in a false case is presently trying so as to attempt to spare its skin to pull out.
Securities exchange sources say that Jahangir Siddiqui, his companion FIA Director Shahid Hayat and a previous representative of JS Group, and now the Principal Secretary of PM House, Fawad Hasan Fawad have neglected to present any solid verification against AKD Securities on account of pillaging of benefits of EOBI by its previous administrator. On the impulses of JS Group the FIA attempted to ensnare AKD Securities for the situation on the premise of an exploration report. They were additionally stressed that the bodies of evidence against huge shams by the JS Group would be revived at this point.
The Supreme Court has officially requested a request against JS in Azgard-9. The indictment charged that AKD Securities had arranged an exploration report about Amtex that turned out to be counter-profitable. In any case, it is extremely fascinating that the said report has nothing to do with the purchasing of shares by EOBI boss. FIA’s examination officer and his staff are bothered over the circumstance, as they are confronting mortification since they have neglected to discover any piece of information against the three kept authorities of AKD Securities, and trepidation a reaction from their high-ups taking after their disappointment for the situation in spite of numerous hearings.
A legal justice, while listening to the case, had communicated her irritation over the way agents were carrying on. Regardless of a few days’ examination the FIA had pitiably neglected to present any verification against the three authorities. Besides, the lawyers of the three senior authorities, Shahab Sarki and Dr Amjad Bukhari, contended that the FIA has been exploring their customers throughout the previous two years however couldn’t discover any confirmation against them. They said that the body of evidence has been held up against the authorities on the premise of individual resentment and taking into account an examination report that has nothing to do with the case.
The case has turned into the greatest stress for FIA Director Shahid Hayat whose notoriety for being an autonomous and legitimate officer is being imperiled. Market sources say that the case is turning into a fool FIA, as it had organized it on the premise of a six-year-old exploration report and which has froze many specialists in business houses, banks, DFIs, corporate part, and so forth. They are hesitant to guess on or evaluate the share trading system. The circumstance is prompting a cerebrum channel among the researchers. The FIA has brought on such harm that even Indian spy office RAW couldn’t bring about, sources kept up.