BOL test transmission only against FIA, says agency's head
JournalismPakistan.com | Published: 18 June 2015
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FIA's Director General discussed BOL News during a Senate committee briefing. He claimed BOL's transmission targets the FIA in response to the Axact investigation.Summary
ISLAMABAD: Director General Federal Investigation Agency Akbar Khan Hoti said Thursday that the test transmission of BOL News TV was only against the agency as all anchors and reporters were running a malicious campaign against officials investigating Axact scam. He briefed members of Senate Standing Committee on Information Technology about BOL and its parent company Axact that is under scrutiny of FIA for allegedly selling fake diplomas to students.
Hoti said the capital share of BOL News is Rs50,000 and its directors are Shoaib Shaikh, Ayesha Shaikh, Sarwat Bashir and Waqas Atiq. “Each share price is ten rupees. Shoaib Shaikh has got 48,500 shares in BOL enterprises while Waqas Atiq, Ayesha and Sarwat Bashir have got 5,000 shares each,” he said. Senator Rehman Malik, a member of the committee, said the security agencies were maligned, saying that they are backing the channel but the truth is before the whole nation now. Chairman of the committee Senator Shahi Syed grilled FIA and Federal Board of Revenue for their negligence to keep a check on Axact and BOL. “How a person with just ten rupees share in BOL was offering an anchorperson a monthly salary of eight million rupees and medical facilities,” he questioned the FIA. He said that Axact is a fraud company and BOL is part of it. “We have all our sympathies with BOL employees and we are looking into options as to how we can help them,” he said.
KEY POINTS:
- FIA investigates Axact for selling fake diplomas.
- BOL News' ownership involves multiple stakeholders with heavy share distributions.
- Senator Rehman Malik criticized FIA's oversight on BOL's financial practices.
- Concerns raised over high salaries offered by BOL amidst low share prices.
- Senate committee expresses support for BOL employees amid fraud allegations.
