ISLAMABAD : Crime Reporter -FIA Corporate Crime Circle Lahore has arrested a declared person involved in a financial fraud worth crores of rupees with the connivance of SECP staff.
The accused is involved in transferring shares worth crores of rupees of the company to his own name with the connivance of SECP staff.
The arrested accused has been identified as Shahzad Alamgir. He prepared fake documents and transferred 51% of the company’s CEO’s shares worth crores of rupees to his name.
The accused also prepared fake minutes of the company’s annual general meeting for the election of directors. Later, using fake Consent of Change, he dismissed the company’s CEO with the connivance of SECP staff.
