Axact CEO Shoaib Sheikh could be imprisoned again: CJP
ISLAMABAD: Leader Justice of Pakistan Justice Mian Saqib Nisar on Monday stated Axact CEO Shoaib Sheikh would possibly face imprisonment as soon as once more if he fails to deposit Rs100 million within the Very best Court docket.
The CJP whilst heading a three-judge bench listening to the Axact pretend level case ordered that every one circumstances relating the Axact pretend level case be wrapped up inside of two months and that the corporate deposits Rs100 million within the apex courtroom inside of 10 days as late cost for Bol’s former staff.
“If the corporate fails to deposit Rs100 million within the Very best Court docket inside of 10 days, then the corporate head, Shoaib Sheikh, should face the effects and will also be imprisoned once more,” the CJP stated.
Justice Nisar additionally puzzled which circumstances relating Axact are pending and during which courts and whether or not Shoaib Sheikh has been granted bail in all circumstances.
Responding to the CJP, DG FIA stated that Sheikh has been granted bail in all circumstances and isn’t cooperating within the trial towards him as he does no longer seem earlier than courtroom.
To this, the CJP resmarked that if Sheikh does no longer cooperate then his bail will have to be cancelled.
Justice Nisar additional summoned all main points relating the Axact pretend level case.
He additionally puzzled, “What’s the estimated quantity that the corporate has to pay in salaries to Bol’s former staff.”
To this, Axact’s suggest knowledgeable the courtroom that the workers declare the corporate owes them Rs300 million.
Justice Nisar remarked that he gave them one month to unravel the subject and seem earlier than courtroom.
Then again, Bol CEO Faisal Aziz Khan advised the courtroom that Salman Iqbal took over the news channel quickly after it was once struck via disaster. “Salman Iqbal owes the salaries for 2 months and no longer us,” he stated.
Axact’s suggest additional knowledgeable the apex courtroom, “It’ll be tough for us to deposit Rs100 miilion.”
“The courtroom can stay some assets or anything as ensure,” the suggest instructed.
Then again, the CJP remarked that elevating the cash will have to no longer be a troublesome job for the corporate. “You handiest must promote two levels,” Justice Nisar stated.
The listening to of the case has been adjourned for the following 10 days.
The Axact scandal surfaced in Would possibly 2015, when The New York Occasions printed a document had claimed the corporate offered pretend diplomas and levels on-line via loads of fictitious faculties, making “tens of hundreds of thousands of bucks every year”.
The FIA had then filed a plea towards the acquittal of Shaikh in 2016 in a cash laundering case, arguing that he was once exonerated from the costs via the trial courtroom in spite of sturdy proof that proved his involvement in cash laundering.
In line with the FIA, Shaikh is interested by an unlawful switch of Rs170.17 million to a Dubai-based company, Chanda Trade Corporate, in April 2014.
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