SECP Investigates SE Fruits IPO After Sales Figures Fail to Match Tax Returns and Bank Records
SECP has requested export and foreign remittance records from 37 banks as it investigates financial discrepancies that led to the withdrawal of SE Fruits and Vegetable Limited’s Rs1.92 billion IPO.
SECP Clears 98% Adjudication Backlog, Imposes Rs. 4.73 Billion in Fines
SECP has cleared 98% of its pending adjudication backlog after issuing 573 decisions and imposing Rs. 4.73 billion in fines for legal and regulatory violations.