SECP Takes Action After Data Leak of SAPM Bajwa’s Family & Assets

Securities and Exchange Commission of Pakistan (SECP) has served show-cause notices to its 8 high-ranking officers and warning letters to 2 senior officials over their involvement in leaking the data of family members of Special Assistant to the Prime Minister (SAPM) on Information and Chairman CPEC Authority, Lt. Gen. (r) Asim Saleem Bajwa.

The show-cause notices and warning letters have been served on the recommendations of a high-level investigation committee, led by SECP commissioner Sadia Khan, instituted by Chairman SECP Aamir Khan to probe the data breach of SECP.

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According to details, the show-cause notices have been served to Arslan Zafar Hijazi, Additional Director of Market Surveillance department and son of former SECP Chairman Zafar Hijazi, Zahid Hussain, Joint Director IT department, Hussain Sarosh, Deputy Director IT department, Muhammad Sohail, Assistant Joint Director (AJD) IT department, Hammad Ahmed, Deputy Director IT department, Sadiq Shah, AJD Companies Registration Office (CRO), Abil Ali Abid, AJD CRO, and Syed Jamal Zaidi AJD CRO.

These officials will appear before the SECP’s HR department with written responses to the show-cause notices on 29 September.

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Meanwhile, warning letters have been issued to Amir Waheed, Director IT department, and Zulfiqar Shams, Management Executive CRO.

The committee has also suggested stern action in line with the SECP’s HR manual against those who have been served show-cause notices while it has directed to exercise caution in the future to the officials who have been issued warning letters.

On Tuesday, Chairman SECP also called upon Prime Minister Imran Khan to apprise the premier with the ongoing inquiry into the SECP’s data breach.