SHC seeks comments from NAB on petition of former SECP head


KARACHI: Sindh High Court (SHC) on Monday directed National Accountability Bureau (NAB) to furnish their comments in a petition of former chairman Securities and Exchange Commission of Pakistan (SECP) against restriction on his travelling abroad.

The petitioner ex-chairman SECP, Muhammad Ali, through his counsel submitted before the court that upon his arrival at Jinnah International Airport from abroad on June 6, 2013, he was subjected to harassment and informed that his name had been placed on the ECL by Interior Ministry on recommendation of NAB. He told the two-judge bench that officials belonging to Federal Investigation Agency (FIA) seized his passport at airport.

He stated that before placing his name on ECL, no proper procedure was followed by Interior Ministry, adding that he was not informed through the letter about restrictions. Counsel representing ex-chairman requested the court to allow his client to proceed abroad as he wanted to manage the admission of his daughters in Canada and settle them in there. He also pleaded the court to pass orders for removal of his name from ECL.

SHC had allowed the ex-chairman SECP on August 8, 2013 to travel abroad subject to furnishing surety in sum of Rs500,000 for five weeks. Meanwhile, the petitioner asked the court through his counsel to allow more time as he was still in the process of settling his daughters in abroad. At his request, the SHC had granted him four weeks more time to stay in abroad on October 4.

During the hearing on Monday, the bench headed by Justice Ghulam Sarwar Korai directed counsel appearing on behalf of NAB to file comments till November 22.

It is pertinent to mention here that former chairman SECP was under investigation in a case relating to the multi-billion rupees OGRA scam.

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