The Sunday Leader

Right Of Reply

The Editor
The Sunday Leader

This is with reference to a news piece captioned “Massive Fraud and Insider Trading Uncovered in Pakistan” by Mr. Abdul H. Azeez which is running on your news paper website The Sunday Leader since January 2nd 2011 operated by you.

http://www.thesundayleader.lk/2011/01/02/massive-fraud-and-insider-trading-uncovered-in-pakistan/

The allegations in the news item are baseless and fabricated and motivated. The article alleges that Jahangir Siddiqui (JS) Group of Stock Market is involved in manipulation and insider trading. It further claims that this allegation is backed by the Securities Exchange Commission of Pakistan’s report stating that one of country’s largest brokerage house (JSGCL) – (Jahangir Siddiqui Global Capital Limited) and its sponsors have achieved its wealth by market manipulation.
The allegations are absolutely false, misleading and concocted and therefore emphatically denied. No contact or inquiry was ever made by any reporter before circulating this false, fabricated and motivated report. It is further clarified that Securities and Exchange Commission of Pakistan has not issued any such report or findings as alleged. JSGCL ( Jahangir Siddiqui Global Capital Limited )  is a leading brokerage house in Pakistan and enjoys extremely good standing, reputation and trust in the market. This story is nothing but an attempt by some rival or interested party to tarnish the image of JSGCL by using your website.
It is regretted that such a patently false damaging story was published without any effort by the concerned reporter to make proper inquiries before circulating such false and defamatory material. The company reserves the right to take appropriate legal action on that account. You are therefore requested to publish clarification of the same at your earliest.
Imran Haleem Shaikh,
Head – Media Relations,
JS Global

Comments are closed

Photo Gallery

Log in | Designed by Gabfire themes