The Securities and Exchange Commission of Pakistan (SECP) has initiated an inquiry into the affairs of registered companies that were accused for defrauding the general public by offering them investment opportunities in illegal schemes. The SECP has taken the action on various complaints received against these companies for illegal deposit taking in the name of Modarabas. The articles of association of these corporate entities were not allowed them to deal in the modarba products. These registered companies are M/s Spadix Group of Companies (Pvt) Ltd, M/s Pak Tea Company (Pvt) Ltd and M/s Spadix Pharmaceuticals (Pvt) Ltd of Spadix Group. The SECP has recently received a letter from the State Bank of Pakistan (SBP), wherein it was reported that associated companies of M/s Spadix Group were involved in illegal deposit from general public in the name of Modarbat. The names which NBP mentioned are Spadix Pharmaceutical Company, Goodman Pharmaceutical Company, Sanitory Works (Fayyazi Gujranwala Industries (Pvt) Ltd), Cable Works (Fayyazi Gujranwala Industries (Pvt) Ltd), AL-Hassan Autos (Pvt) Ltd and Marble Export.
it should be investigated in true spirit that either this company and other companies like elixer group do their business as per law or they accomulate money from poor peolpe illegaly. We are waiting for …………………..
Exactly, inquiry should be transparent as stake of publlic at large is inviolved in these schemes. Strict actions must be taken against them as the owner of schemes are defrauding the public behund the veil of Islam.
sir urdu main btana kya howa plz
wese in ki waga se bht se gharebon k choolhe jal rhe han, allah afyat wala mamla farmae.
in companies pe logon ka etmad karna hakoomat k liye lamha fikrya ha k hkoomat ne awam ki falah o behbood k liye kuch b nhi kia…/
when should i come to know that how this company all cases are going to be solved as soon as possible….. Plz give me information on my contact num 03219300484. (Babrak Khan).
all islami banks are working on the same grounds(modarba) why only spadix is being quoted?
Jaleel Arshad
Islamic banks are working under policies of State Bank. and the bank is responsible to pay back the amount in case of any default but these companies itself have started to get money from the public which is not protected by any law. After the default of these companies no one will take the responsiblity .
My suggestion for the investors who already has invested the money to get back their money as soon as possible because these companies does not have the business as the volume of amount they already have taken
its not illegal muzarbat is allowed in islam, banks are based on interest which is not allowed in islam.
its high time the government and pakistani nation should choose riba free system of economy otherwise b ready for curse of ALLAH & RASOOL (SW)
ITS true muzarabat.
please inform me about all the facts about these facts of defaulting of companies i have invested money with fayazi group what are the realities of them please inform me on this number thanks
03339371419
ham log government se mutalba karti he K., government. hame ise qasam k sqem shoru kare. ya ase he logo ko mahfoz bna. kar azad kardi.
Elixir Group of Companies walon ka kia bana, Molve Ibrahim ke geraftare kay baad, Akhair is ka koi hal bee nklay ga ya nahee, kuch to malomat ho jai, mein bara shukur guzar hon ga: (contact No: 03038249499)
this is the direct clash between islamic economy and capitalistic economy practicing in pakistan, the interest is based of capitalistic economy and banker and elite whose support interest (Sood), wants to discharge the public not to invest, MUZARIBAT is completely a fair and halal business, my Rs.800 lac are also hanged due banned over muzarabat if really Govt is so hero they have to provide interest free economy,
Karachi me shafiq ke karobar k mutaliq maaloomat ho to batai binoria wale to na phon attend karte hai na mulakat kisi bhai ko in k bare me kuch maaloomat ho to pleas shair karen shukria (abdul ghafoor karachi . 03152123441
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