Court rejects bail plea of Axact-BOL chief, four others
JournalismPakistan.com | Published: 9 June 2016
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The bail application of Axact and BOL CEO Shoaib Shaikh was denied by a Karachi court. This decision has sparked plans to appeal in the Sindh High Court.Summary
KARACHI - A bail application of Axact and BOL CEO Shoaib Shaikh (pictured) and four others was rejected Thursday by a court much to the disappointment of staff and their supporters.
The bail plea was rejected by District and Sessions Judge Karachi South, Sohail Mohammad Leghari. Insiders at BOL told JournalismPakistan.com the decision would be challenged in the Sindh High Court.
Shaikh and four of his senior managers have been languishing in jail for more than a year now after a New York Times story claimed Axact, the parent organization of BOL News, was involved in selling fake degrees worldwide.
However, it is widely believed a conspiracy was hatched against BOL by some top news organizations that felt threatened by the channel's financial might and its claims of taking the Pakistani media industry by storm.
KEY POINTS:
- Court rejects bail plea of Shoaib Shaikh and four others.
- Shoaib Shaikh has been in jail for over a year.
- Accusations involve selling fake degrees worldwide.
- Decision to appeal in Sindh High Court announced.
- Claims of conspiracy against BOL by rival media organizations.
