FIA informs SC about Shoaib Sheikh’s arrest

Published September 28, 2018
Shoaib Sheikh, the chief executive officer of Axact, is seen in this File photo. — Reuters/File
Shoaib Sheikh, the chief executive officer of Axact, is seen in this File photo. — Reuters/File

ISLAMABAD: The Federal Investiga­tion Agency (FIA) informed the Supreme Court on Thursday about the arrest of Shoaib Sheikh, the chief executive officer of Axact.

The FIA director general told the apex court that the investigation agency had arrested Shoaib Sheikh in Islamabad over the fake degree scam case.

The district and sessions judge of Islamabad had convicted Axact CEO Shoaib Sheikh, as well as 24 others in the fake degrees case on July 6, awarding them 20 years’ imprisonment.

But instead of surrendering before the court, Shoaib Sheikh absconded, while the FIA did not make effort for his arrest.

Sources said the FIA had arrested him on Tuesday as the Supreme Court was supposed to resume hearing in the matter on Thursday.

Mr Sheikh and his associates were booked on June 7, 2015, under sections 419, 420, 468, 471, 473, 109/34 of the Pakistan Penal Code and section 4 of the Anti-money Laundering Act of 2010.

Since the convicts have been awarded jail terms ranging from three to seven years, they will undergo a maximum of seven years in prison.

The Federal Investigation Agency had registered a case on May 19, 2015 against M/s Axact Ltd, Islamabad region, on a charge of preparing and selling degrees of fake online educational institutions with fake accreditation bodies, enticing innocent people through impersonation as student counsellors within Pakistan and abroad.

During the hearing, a lawyer of the Axact company told the apex court that the management of BOL TV, a subsidiary of Axact, had deposited Rs50 million with the district judiciary.

The amount will be distributed among the employees to clear their outstanding salaries, according to the lawyer.

The FIA chief informed the court about progress in the cases against the Axact company pending before the district judiciary in Sindh.

Published in Dawn, September 28th, 2018

Opinion

Merging for what?

Merging for what?

The concern is that if the government is thinking of cutting costs through the merger, we might even lose the functionality levels we currently have.

Editorial

Dubai properties
Updated 16 May, 2024

Dubai properties

It is hoped that any investigation that is conducted will be fair and that no wrongdoing will be excused.
In good faith
16 May, 2024

In good faith

THE ‘P’ in PTI might as well stand for perplexing. After a constant yo-yoing around holding talks, the PTI has...
CTDs’ shortcomings
16 May, 2024

CTDs’ shortcomings

WHILE threats from terrorist groups need to be countered on the battlefield through military means, long-term ...
Reserved seats
Updated 15 May, 2024

Reserved seats

The ECP's decisions and actions clearly need to be reviewed in light of the country’s laws.
Secretive state
15 May, 2024

Secretive state

THERE is a fresh push by the state to stamp out all criticism by using the alibi of protecting national interests....
Plague of rape
15 May, 2024

Plague of rape

FLAWED narratives about women — from being weak and vulnerable to provocative and culpable — have led to...