Comments on: Pakistani Banker Charged for Insider Trading Scheme

By: Salomon swim shoes

Salomon swim shoes — Fri, 24 Apr 2026 00:40:23 +0000

You made it so easy to understand.

By: yoyo

yoyo — Tue, 12 Jun 2007 09:22:19 +0000

interesting, for people who like a country which instills ‘innocent till proven guilty’ everyone has jumped the gun! It is now over a month since this happend and still not much more information has come up! If the Sec or FBI etc were so sure then why not slam him into the cells and throw away the keys? Something is fishy as always and being the puppets that most Pakistanis become esp when they go overseas, they are pronouncing Nasim guilty! For someone to be working at a worldwide bank, I DO NOT buy for a second that he would be stupid enough to call his ‘friends’ in Pakistan from a work phone! If you are that stupid then there is noway you would achieve all that he has already in his life! There is bigger story behind this, which I suspect as always will never front up. Not when everyone has already pronounced him guilty! I would also like to find out officially how much he has access to of the profits that he helped make, that in itself will tell a story!

as for being ambassdors for Pakistan, tell the leaders start being honest, not much that will change that image! Ppl are not blind when they hear about riots, bombs, rapes etc everyday in Pakistan. You will be Mother Teresa of Pakistan but till the system gets cleaned out, good luck to you!

By: Farrukh

Farrukh — Wed, 30 May 2007 17:07:24 +0000

Here is the latest development on this:

NEW YORK (MarketWatch) — A prominent investment banker from Pakistan has been charged criminally in an alleged insider-trading scheme using leaked information about pending mergers, including TXU Corp.’s (TXU :

67.72, +0.11, +0.2% ) proposed buyout by a private-equity group, according to court documents.
According to a criminal complaint, Ajaz Rahim, country head of investment banking at Faysal Bank, has been charged with conspiracy and 25 counts of securities fraud. Rahim allegedly netted more than $7.5 million in improper profits in the scheme, including more than $5.1 million from trading prior to the TXU announcement.
Prosecutors have alleged that Rahim was tipped off about proposed acquisitions involving nine publicly traded companies between April 2006 and February 2007 by Hafiz Muhammad Zubair Naseem, a Credit Suisse Securities USA LLC (CS :

74.83, +0.23, +0.3% ) investment banker.
Naseem, a member of Credit Suisse’s Global Energy Group in New York, was charged criminally with conspiracy and securities fraud earlier this month.
The transactions included Express Scripts Inc.’s (ESRX) failed bid for Caremark RX Inc. and the proposed buyout of TXU by a group led by Kohlberg Kravis Roberts & Co. and TPG Inc. Caremark was eventually sold to CVS Corp.
Earlier this month, the U.S. Securities and Exchange Commission brought civil insider-trading charges against Rahim.
http://www.marketwatch.com/news/story/prominent-pakistan-banker-rahim-charged/story.aspx?guid=%7BB09A3277-91EB-458C-A6EA-16194B69A076%7D