ISLAMABAD: The court of judicial magistrate has ordered to send the co-Chairman of BOL TV and Axact Chief Executive Officer (CEO) Shoaib Ahmed Sheikh to jail on judicial remand, ARY News reported on Wednesday.
As per details, the BOL TV co-Chairman was presented before the court of judicial magistrate Abbas Shah.
He was presented before the court by the Federal Investigation Authority (FIA) after the completion of two-day physical remand.
The court rejected the plea to send the Axact CEO Shoaib Sheikh on Physical remand and ordered to send him to jail on judicial remand.
Read more: BOL TV’S SHOAIB SHEIKH ARRESTED FROM ISLAMABAD
Earlier, Shoaib Ahmed Sheikh, co-Chairman of BOL TV and Axact Chief Executive Officer (CEO), was arrested from Islamabad airport by Federal Investigation Authority (FIA) Islamabad Zone.
In a statement, the FIA had said that the BOL TV’s co-Chairman was arrested over persistent absences. “The authority has served several summon notices to Sheikh in a case,” it said.
However, according to the investigation agency, Sheikh failed to appear at the FIA headquarters despite several notices.
