Islamabad: The Policy Board and the Commission are deeply concerned on the continued disappearance of Mr. 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.