KARACHI: The District and Sessions Court – South has allowed the Federal Investigation Agency (FIA) to shift Axact CEO Shoaib Shaikh and five others for their alleged involvement in the issuance of fake degrees online and money laundering.
It is mentioned here that the FIA had requested the local court, seeking shifting of Axact CEO, Shoaib Shaikh, and other suspects in connection with the company’s alleged involvement in the issuance of fake degrees online and money laundering.
The FIA argued that the Axact had its branches/offices all over the country and it has also several bank accounts. Therefore, the CEO and five others including Waqas Atiq be shifted to Islamabad for proper investigations into the matter.
However, Axact’s lawyer contested that his client should not be shifted to the federal capital and the investigations could be held here in the metropolis by the agencies concerned.
After hearing both the sides, the District and Sessions Judge allowed the FIA to shift the CEO Axact and five other for proper investigations into the matter.
Moreover, the sources at FIA (Legal) told Customs Today that a FIA team had already reached Karachi from Islamabad and the FIA will approach Sindh’s Home Department seeking permission to shift Shoaib Shaikh and other suspects to Islamabad. The FIA will also initiate process for arresting Aisha Shaikh, wife of Shoaib Shaikh, the sources added.
According to sources, a number of cases of fraud in connection with money laundering and issuance of fake degrees online had been lodged against Shoaib Shaikh, his wife and 24 others at FIA, Islamabad.
