SECP files criminal case regarding price manipulation in stock market

ISLAMABAD, March 7: The Securities and Exchange Commission of Pakistan (SECP) filed criminal complaint on Tuesday against a person who manipulated the price of shares of Gauher Engineering Limited (now Drekkar Kingsway Limited). As a result of an investigation, it emerged that the accused and his associates bought a major stake in Gauher Engineering Limited in 2014 at a very subsidized rate.