Section 497 (2) of the Central Depositories Act (XIX of 1997), Section 24 Securities and Exchange Ordinance (XVII of 1969), Section 16 (c) Panel Code (XLV of 1860), Section 409/420/109/34/477A Criminal breach of trust by a banker, merchant or agent, fraudulent and dishonestly delivering property, control, joint intent, fraud of accounts, dealing with book entry securities without authority, consumer securities pledges. Against the sanctions and sanctions, the defendant was accused of further inquiries [alleged director of the Securities Trading Company (brokerage house)] that he, the co-accused and various banks With unjustified and legally, promising banks afloat with a number of clients of the combined group, including me. As a result of secured financing for the company, and the default imposed by the company, the banks sold the promoted shares, which caused huge losses to the complainant and other clients of the company prosecution. It was submitted that under section 24 of the Central Depository Act 1997, a stock broker was not authorized to mortgage shares without the permission of the sub-account holder of any bank / financial institution and / or stock exchange, and as such The ban was also imposed by him. Section 16 (c) of the Securities and Exchange Ordinance, 1969, of the accused was that he was a salaried employee of the company and was working as a general manager company and had resigned from the company. ? It admitted that none of the witnesses, whose statements were listed under Section 161 Cr CRC, did not allege the personal interference of the accused in the entire transaction. K
Related judgments — Karachi High Court Sindh, 2013
