Bulletins 1200 26th February 2018
- 6 years ago
KARACHI: A team of the Federal Investigation Agency (FIA) has arrived at the Sindh High Court to arrest Axact CEO Shoaib Sheikh after the court set aside his acquittal in a money-laundering case.
A division bench of the high court granted an appeal filed by FIA through which it challenged his acquittal in the case.
It directed a sessions court to conclude the trail proceedings in the case within a period of three months and frame charges against the accused persons at the earliest.
The bench directed all the accused persons to be in attendance in the trial court on March 03.
As the court announced its verdict, a FIA team reached the court to arrest the Axact CEO. His counsel said the court has not passed any directives for the arrest of his client.
However, the FIA team maintained that since the high court has overturned Shoaib Sheikh’s acquittal and he has not obtained bail in the case, he would be arrested.
Back in 2015, FIA filed a number of cases against the Axact CEO and others when the fake degrees scandal surfaced.
A division bench of the high court granted an appeal filed by FIA through which it challenged his acquittal in the case.
It directed a sessions court to conclude the trail proceedings in the case within a period of three months and frame charges against the accused persons at the earliest.
The bench directed all the accused persons to be in attendance in the trial court on March 03.
As the court announced its verdict, a FIA team reached the court to arrest the Axact CEO. His counsel said the court has not passed any directives for the arrest of his client.
However, the FIA team maintained that since the high court has overturned Shoaib Sheikh’s acquittal and he has not obtained bail in the case, he would be arrested.
Back in 2015, FIA filed a number of cases against the Axact CEO and others when the fake degrees scandal surfaced.