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Axact CEO

SHC sets aside acquittal of Axact CEO in money-laundering case

KARACHI: A team of the Federal Investigation Agency (FIA) arrived at the Sindh High Court to arrest Axact CEO Shoaib Sheikh after the court set aside his acquittal in a money-laundering case. A division bench of the high court granted an appeal filed by FIA through which it challenged his acquittal in the case. It directed a sessions court to conclude the trial proceedings in the case within a period of three months and frame charges against the accused persons at the earliest. The bench directed all the accused…