Axact-BOL boss shifted to Jinnah Hospital

 JournalismPakistan.com |  Published: 5 February 2016

Shoaib Ahmad Shaikh, CEO of Axact and BOL Network, has been shifted to Jinnah Hospital from Karachi Central Jail due to health issues. His transfer comes as discussions regarding BOL's license suspension are set to occur in the National Assembly next week.

Summary

KARACHI - Shoaib Ahmad Shaikh, Axact and BOL Network Chief Executive Officer, has been shifted to Jinnah Hospital from Karachi Central Jail.

Insiders tell JournalismPakistan.com he was brought to the hospital Thursday and has been allotted Room No. 10 just next to the room where former federal minister Dr. Asim Hussain is being treated.

Although it could not be known what health problems Shaikh is facing there are indications things just might be easing up somewhat for the troubled CEO.

He was arrested in May last year after The New York Times reported Axact, the parent company of BOL TV, was involved in selling fake degrees to students across the globe. This created a big controversy and prevented BOL going on air leaving hundreds of employees jobless.

Shaikh was also briefly treated at the Jinnah Hospital last May days after his arrest.

Meanwhile, the National Assembly’s Standing Committee on Information and Broadcasting will discuss the suspension of BOL licenses and payment of staff salaries in an in-camera meeting planned for next week.

Representatives of Interior Ministry, Federal Investigation Agency (FIA) and Pakistan Electronic Media Regulatory Authority (PEMRA) have been asked to attend the meeting. BOL officials will also be present.

Relevant post from JournalismPakistan Archives:

Axact-BOL boss Shoaib Shaikh taken into custody

KEY POINTS:

• Shoaib Ahmad Shaikh moves to Jinnah Hospital from jail.
• Health problems remain undisclosed but may be improving.
• Shaikh was arrested after allegations of selling fake degrees.
• BOL Network's operations affected by the controversy.
• National Assembly to discuss BOL licenses and salaries.