The Nation (Pakistan )·2 min read·medium

SECP refers M/s Blink Capital Management case to FIA

I
Imran Ali Kundi
SECP refers M/s Blink Capital Management case to FIA
AI Summary

The Securities and Exchange Commission of Pakistan has referred Blink Capital Management to the Federal Investigation Agency following allegations of a Ponzi scheme. Investors were reportedly defrauded of over Rs 446 million through promises of guaranteed high returns.

ISLAMABAD - Reaffirming its strict commitment to safeguarding investors' interests and maintaining the integrity of Pakistan's capital markets, the Securities and Exchange Commission of Pakistan (SECP) has referred the case of M/s Blink Capital Management (Private) Limited to the Federal Investigation Agency (FIA) for further investigation and appropriate action under the law. Chairman SECP Dr Kabir Ahmed Sidhu said that the commission will deal strictly with market abusers, manipulators and entities misusing their regulated status to deceive investors. "Safeguarding investors' interests is paramount. SECP will pursue those who abuse the market or investors' trust, and will take all necessary regulatory and enforcement actions to protect investors and preserve market integrity," he said.

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