KARACHI: The Sindh High Court (SHC) on Monday dismissed a petition of Axact against freezing of accounts of its directors and employees.
Chief Justice Sajjad Ali Shah, who headed a division bench, pronounced the verdict after hearing arguments from both sides at length. In the petition, it was stated that FIA had illegally frozen bank accounts of the company, their employees and family members due to which salaries of the employees could not be paid for the last three months and payments of other routine expenses was also not made.
The counsel for the FIA submitted that bank accounts of the petitioner and its employees have been attached following the orders of the trial court. The investigation agency had asked the trial court to attach the petitioners’ account and properties under anti-money laundering law as it was found during the investigation that the petitioner and its employees were involved in laundering money through these bank accounts.
The counsel said that Axact was carrying out the business of selling fake degrees and therefore the cases were registered against the company.
