Hearing of money laundering case against Axact chief put back

JournalismPakistan.com | Published 9 years ago

KARACHI – A sessions court has put back until August 23, a hearing into Rs170m money laundering case involving CEO of Axact, Shoaib Ahmad Shaikh.

This was done on the request of Shaikh, also the boss of BOL Media Group, who remains under arrest. He had made the plea the case be wrapped up. Two other accused are on bail.

The Federal Investigation Agency (FIA) claims Shaikh and two of his accomplices are involved in illegally transferring Rs170m abroad.

The case is being heard in the court of Additional and Sessions Judge (South).

Meanwhile, earlier this week, the Sindh High Court granted bail to Shaikh and 13 others in a case relating to alleged selling of fake degrees.

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