SHC denies protective bail to Axact CEO Shoaib Shaikh

KARACHI: The Sindh High Court (SHC) on Monday denied protective bail to Axact CEO Shoaib Ahmed Shaikh, ARY News reported.

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Shoaib Shaikh today filed a plea in the SHC seeking protective bail.

The court after listening to the arguments denied bail to the CEO Axact, however it directed the authorities ‘not to harass or intimidate’ Shaikh, told his counsel and former advocate general Sindh, Anwar Mansoor.

In his word with media, Shoaib Shaikh said that he is satisfied with the verdict and have complete confidence in the judiciary.

Earlier during the hearing, Federal Investigation Agency (FIA) informed the division bench of the high court that no FIR has been registered against Shoaib Shaikh neither he is being arrested.

It further said that the petition of the Axact CEO was premature. If any case registered it will be filed according to the law.

Axact CEO Shoaib Shaikh on Monday filed a petition in Sindh High Court (SHC) for protective bail.

Shaikh, the chief executive officer (CEO) of Karachi based software company Axact, this morning reached high court and submitted protective bail plea to avoid an arrest in fake degrees scam against his company.

Axact faced tough criticism across Pakistan after The New York Times said in a report that it was earning tens of millions of dollars by selling fake degrees.

Federal Investigation Agency (FIA) initiated a probe in the accusations after Interior Minister Chaudhry Nisar taken notice of the NYT report and ordered an inquiry against the company which was also accused of fake State Department authentication certifications bearing the signature of Secretary John Kerry.

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