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Court allows FIA to probe accounts of 29 companies linked with Axact

KARACHI: A local court on Tuesday permitted the Federal Investigation Agency (FIA) to probe bank accounts of 29 companies linked with Axact, while the wife of Shoaib Shaikh has also been barred from leaving the country, ARY News reported.

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According to details, the FIA had requested the court seeking permission to investigate bank accounts of 29 offshore companies linked with the Axact fake degree scam.

The federal agency also barred CEO Axact Shoaib Shaikh’s wife, Aisha Shaikh from going out of country.

Sources told that her name will soon be placed on the exit control list (ECL).

The FIA had registered a case against 21 persons including CEO Axact Shoaib Shaikh, his wife Aisha Shaikh and Viqas Atiq, under charges of money-laundering and fraudulent dealings.

Yesterday, the City Court Karachi had sent Shoaib and 18 others to jail on 14 days judicial remand.

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