(Islamabad (The Thursday Times) — Zafar ul Haq Hijazi, the former chairman of the Securities and Exchange Commission of Pakistan, has been acquitted after six years in a record tampering case.
After hearing arguments from both sides, a special court in Islamabad announced its reserved verdict. Special Judge Central Shahrukh Arjumand granted Zafar ul Haq's application for acquittal. According to the verdict, the Federal Investigation Agency failed to present any evidence on the record.
The case against Zafar ul Haq Hijazi was registered in July 2017, on the allegation of tampering with the records of Chaudhry Sugar Mills, according to the report of the Joint Investigation Team on the Panama Papers.
In his application for acquittal, the former chairman of the Securities and Exchange Commission, Zafar ul Haq Hijazi, argued that he took up the post on 17 December 2014, and that the allegations against him relate to the period before his appointment.
