ISLAMABAD: The Securities and Exchange Policy Board and the Securities and Exchange Commission of Pakistan are deeply concerned about the continued disappearance of Sajid Gondal (Joint Director SECP). We strongly condemn his abduction and would emphasize and urge the relevant authorities to immediately intervene and ensure his prompt recovery and to ensure that appropriate punitive measures are taken vis-i-vis the perpetrators in accordance with the law.
Gondal's abduction adversely impinges upon the regulator's image and efficacy by creating an adverse perception in the financial sector and capital market. This may also create unrest / unease within the staff of SECP, who need to have confidence in their ability to operate in good faith, without fear for their personal safety.
When contacted, Khalid Mirza, Member SECP Policy Board, told Business Recorder that other than assisting the family of the abducted official, it has taken SECP and the policy board four days to come out with a statement. A lot more has to be done. I am amazed that the ministry of reference i.e. Finance Ministry seems to have displayed a stony silence, he added.
Copyright Business Recorder, 2020
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