NA body wants action against 5 top accused brokers
By Asim Hussain

ISLAMABAD—The National Assembly Standing Committee for Finance has ordered immediate action against five top stock brokers involved in the recent Stock Exchange scam, granting a grace period of 15 days, while rounding up the other 28 before February 2007.
While convening the meeting of the Committee in the Parliament House on Thursday under the Chairmanship of Anwar Ali Cheema, chairman SEC (Securities and Exchange Commission) Razi-Ud-Din Ahmad informed that according to the forensic report, 88 brokers were allegedly involved in the Stock Market scam were contacted about the accusations, and entire transaction data regarding accounts had been summoned by SEC, and to which all have duly responded.
However details of many cases remain incomplete, and the relevant brokers have been asked to provide more details. It is pertinent to note that the Committee also took strong notice of "mysterious disappearance" of Stock market transaction data and demanded a complete investigative report about that issue.
Former chairman Tariq Hassan revealed that during investigations his subordinate had confirmed the presence of the entire d ta, while the recent chairman expressed his ignorance about any transaction data. The members of Standing Committee while expressing their surprise at the anomaly ordered an inquiry about the responsible elements possibly involved.
Among other investigations, details of the list of elements whose Agricultural Development Bank loans have been waived of, and details of companies of chairman ERRA, Altaf Salim responsible for the Crescent Bank scandal.