ISLAMABAD: The Senate has recommended the immediate removal of Securities and Exchange Commission of Pakistan (SECP) Chairman Zafar Hijazi from his post, read a draft resolution signed by 40 members on Tuesday, following registration of a case against him relating to Panama Leaks case.

The special bench of the Supreme Court, overseeing the implementation of the Panama case verdict, had on July 10 ordered registration of FIR against Hijazi for tampering official records.

The Federal Investigation Agency (FIA) in its report had identified the SECP chief as the culprit behind changing records of the Chaudhry Sugar Mills, owned by the Sharif family, to help their case.

SC orders registration of case against SECP chairman

Special implementation bench adjourns hearing till Monday next

Record tampering case: Court approves SECP chairman?s pre-arrest bail

SECP chairman has been granted five-day bail against two surety bonds worth Rs250,000 each

The upper house, however, today recommended that Hijazi should immediately be removed from his office. It has been learnt that a resolution seeking removal of the SECP chief will be tabled in the Senate on Wednesday.

On Monday, a lower court approved Hijazi?s five-day pre-arrest bail against two surety bonds worth Rs250,000 each.

He was earlier granted a transit bail by the Islamabad High Court (IHC) on July 13.