Beema Pakistan rejoinder

The Beema Pakistan Company on Tuesday accused the Securities and Exchange Commission of Pakistan (SECP) of victimising the once profitable insurance company, which some officials of the regulator want to takeover.n a rejoinder to SECP�s statement against Beema Pakistan, the insurance company�s management said that the matter is sub judice and Securities and Exchange Commission of Pakistan has already been restrained from taking any action except through the process of law.The company has already filed civil suits and criminal cases against the management of Securities and Exchange Commission of Pakistanin same matter,� it said, adding that illegal land transaction referred to by SECP never took place.This is a landmark case between a corrupt bureaucracy and a public enterprise and is progressing well and with full support of 4,500 plus shareholders who without dissent have resolved in EOGM of January 6, 2010 their full support to management,the rejoinder read.