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Sindh High Court grants bail to Axact, Bol TV CEO “Shoaib Shaikh”


KARACHI,Pakistan (TNO) The Sindh High Court (SHC) on Monday(15 Aug) granted bail to Shoaib Shaikh, a Chief Executive Officer (CEO) of IT company Axact, and 13 others in the fake degrees case.Justice Iqbal Kalhoro approved the bail plea against a surety bond of Rs500,000 each after hearing arguments from both parties.Lawyer of Shoaib Shaikh argued during the hearing that the prosecution and Federal Investigation Agency (FIA) had been using delaying tactics and that the accused have not been indicted thus far  despite a lapse of 15 months.He said that the prosecution has failed to present even a single copy of fake degree before the court.

FIA had also seized the main server, computers and files from the office and demanded the company to provide web hosting records for the past ten years.The officers had also traced printing press that published fake degrees and included its owner Abdul Rauf in the witnesses list.58 of Axact degree-holders in Islamabad and Rawalpindi were identified while responses from more than 4500 foreign degree-holders were also been received.After Axact, Bol TV was also banned due to accusations regarding illegal purchase of equipments in the channel.




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