Show-cause notices issued to eight SECP officers over leakage of data

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ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) on Tuesday issued show-cause notices to its eight officers and warning letters to two employees over the issue of leakage of data of family members of Special Assistant to the Prime Minister (SAPM) on Information retired Gen Asim Bajwa.

According to a Dawn report, the show-cause notices were to be issued on Monday as per recommendations of the SECP’s commission at a meeting held on Sept 19, but a last-minute decision by the commission’s human resource (HR) department to get the notices vetted by the law department led to the delay by another day.

The issue was raised by Minister for Water Resources Faisal Vawda at a meeting of the federal cabinet held here on Tuesday. The minister expressed fears that the SECP proceedings on the matter relating to theft of sensitive information from the commission might be shelved.

According to government sources, Mr Vawda said the case had exposed lacunas, loopholes and weaknesses of custodians of official data and feared that the inquiry into the matter too might be buried under the files like many other inquiries into important matters of national interest.

However, Prime Minister Imran Khan assured the cabinet that the case was moving ahead as per the legal requirements and that the government did not believe in interfering or pressurising regulatory bodies in any matter.

The sources said that after the cabinet meeting the SECP chairman was called by the prime minister, who heads the establishment division, to inquire about the progress in the data leak case.