16-03-2017 : Eastern Capital Limited

The Securities and Exchange Commission of Pakistan (“SECP”), would like to alert all recipients that:

Company:     Eastern Capital Limited

Address:        610-611, Clifton Centre, Block-5, Clifton, Karachi-75600, Pakistan

Telephone:    0092 21 5863801-8

Fax:              0092 21 5872206

Website:       www.ecltrade.com.pk

Email:           info@easterncapital.com.pk,

CEO:              Mr. Munir Muhammad s/o Muhammad Ladha (Pakistani National)

Director:        Mr. Abdul Samad s/o Muhammad (Pakistani National)

Passport Number:   (KE088141) of Mr. Munir Muhammad and (AA5277031) of Mr. Abdul Samad

Cell No:          –

The CEO and the Director of Eastern Capital Limited (“ECL”), are wanted in Pakistan for their alleged involvements in criminal activities as a securities broker. They fled Pakistan using their passport to evade the legal proceedings pending against them. Further, their Trading Terminals have been suspended and brokerage license has been cancelled through forfeiting their Membership Certificate to act as a securities broker by the Pakistan Stock Exchange. The National Accountability Bureau (“NAB”) has filed a reference against Mr. Munir Muhammad and Mr. Abdul Samad, in the Accountability Court. The SECP and NAB are trying to bring them back for recovery of plundered money of investors.

The SECP believes that Mr. Munir Muhammad, or Mr. Abdul Samad or  their  above mentioned company may be targeting customers / investors from other IOSCO member countries. If you have any further questions on this matter please contact  enquiries@secp.gov.pk