March 13, 2018
ISLAMABAD – The Chief Justice of Pakistan Mian Saqib Nisar on Tuesday sought the source of BOL Television Network’s funding.
The chief justice raised this question while hearing an appeal by Axact, the parent company of BOL, against a Supreme Court verdict in a fake degrees scandal that has plagued the software company since 2015.
Shoaib Ahmed Shaikh, the CEO of Axact and BOL, is in custody of the Federal Investigation Agency (FIA) since February 26.
Dawn.com quoted Justice Nisar as saying: "We should know from where the company is getting the money? They [the owners] should not be worried if they haven't done anything wrong."
The chief justice asked how the channel was able to sustain itself without getting any commercials.
The questions about BOL came up after a group of the network’s employees claimed they remained unpaid for months.
The court later ordered that the Federal Board of Revenue conduct the company’s audit and its representative appear in court.
Interestingly, when the CJP ordered that BOL pay off dues of its employees, the network’s counsel said the channel did not have the resources to do so.
Meanwhile, Axact was ordered to submit its tax records for the last ten years.
Dawn, December 15, 2016