KARACHI: Axact CEO Shoaib Shaikh was sent to jail on judicial remand till March 3 by the district court south which was hearing a money laundering case on Tuesday.
Shaikh was arrested on Monday evening after the Sindh High Court (SHC) rejected his protective bail application, which was submitted after the court approved the Federal Investigation Agency’s (FIA) appeal against the acquittal of those accused in the Axact money laundering case.
The defendant was presented before the court earlier today by officials of the Federal Investigation Authority.
