Recommended Free Tools
SECP reportedly approved sending a reference about Bagsara Securities to Pakistan’s Federal Investigation Agency (FIA) for further action. News reports say the case concerns investor shares worth more than Rs176.2 million that were transferred and pledged without investors’ consent. The referral is not, by itself, an FIA finding or a court judgment.
What happened in the Bagsara Securities case?
TechJuice and 24NewsHD reported on October 3, 2026, citing an inquiry, that investors’ shares were transferred and pledged without their consent. The reports say shares worth more than Rs176.2 million were pledged between 2007 and 2010. After the brokerage defaulted on payments, banks and the stock exchange sold pledged shares.
These are accounts of what the inquiry reportedly found, not independently verified judicial findings. The available reports do not establish that a court has determined liability or that every investor has been repaid.
How much was repaid, and what remains outstanding?
The reports say investments totaling Rs145.5 million from 333 investors were verified. They report that Rs96.57 million was repaid, leaving Rs48.9 million in claims outstanding, or about Rs50 million when rounded. The rounded figure is not a separate balance.
#1 Best Overall
The reports do not identify a named original publisher for these statistics or provide a primary inquiry record. The amounts should therefore be understood as figures reported by TechJuice and 24NewsHD on October 3, 2026, rather than independently confirmed SECP statistics.
What does referral to FIA mean?
The reports say SECP approved forwarding a reference to FIA for further action. That procedural step does not establish that FIA has completed an investigation, filed charges, or reached a finding; nor does it amount to a court judgment. The reports do not establish the current status of any FIA investigation in this matter.
Rank #2
- Ideal for Gifting
- Ideal for a bookworm
- Compact for travelling
SECP’s January 29, 2025 clarification describes the agencies’ broader roles: SECP investigates insider trading and market manipulation and files criminal complaints in relevant courts under the Securities Act, 2015. SECP also said FIA had requested details of completed cases for parallel investigation under its mandate under the Anti-Money Laundering Act, 2010. That general explanation does not establish the legal basis or progress of the Bagsara referral. SECP’s clarification
Quick Recap
Best Value
- It can be a gift option
- Comes with secure packaging
- Helpful in various ways
Rank #4
What is confirmed—and what remains unclear?
- Reported: SECP approved forwarding a reference about Bagsara Securities to FIA, according to the October 3, 2026 reports.
- Reported inquiry account: Investor shares were transferred and pledged without consent, and shares worth more than Rs176.2 million were pledged from 2007 to 2010.
- Reported recovery figures: 333 investors’ Rs145.5 million in investments were verified; Rs96.57 million was repaid; Rs48.9 million in claims remained outstanding.
- Not established by those reports: a completed FIA investigation, charges, a conviction, a court finding, or full repayment to investors.
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
Quick wins for a faster PC:
Scan for outdated or missing drivers - takes under a minuteDriver Scan →Repair Windows errors before they cause bigger problemsFix Now →Fix the driver behind crashes, sound loss and screen glitchesFind Drivers →
