KARACHI: A Judicial Justice of the Peace on Wednesday granted the acquittal plea of the Axact CEO Shoaib Shaikh and others allegedly concerned in a cash laundering case and the Axact pretend diploma rip-off.
The courtroom discovered value within the acquittal plea that stated that regardless of of the passage of round one yr, no proof have been discovered towards Shoaib Shaikh and his companions. The courtroom, whereas quashing the instances, granted the plea of acquittal of Shoaib Shaikh.
It might be talked about that the courtroom of Further District and Periods Decide (East) had as soon as rejected the bail pleas of 9 staff of Axact within the instances pertaining to the fees of Axact pretend diploma rip-off.
The defence counsel argued that the accused have been dealing with detention for the final one yr and there was no probability of any developments within the case. Therefore, it was truthful to launch the accused on bail.
The courtroom had then noticed that the accused didn’t need to be launched because of their statements recorded underneath Part 161 of Legal Process Code. The courtroom had rejected the bail pleas of the Axact CEO Shoaib Shaikh, Muhammad Sabir, Waqas, Ateeq, Zeeshan Ahmed, Zeeshan Anwar and others.
Beforehand, Decide Sohail Muhammad Leghari had handed an order for the supply of the copies of the case to the accused. Nevertheless, now the Judicial Justice of the Peace involved has granted acquittal pleas of the accused.
On June 7 final yr, the FIA registered one other FIR towards Shoaib Shaikh, Aisha Shaikh, Vaqas Atiq and others. The fees, which have additionally been filed towards 17 others, embrace fraud, pretend identification, and cash laundering.
A complete of 17 administrators, managers and operators from the Axact’s Islamabad Area have been arrested over the identical expenses. The Axact CEO was later handed over to the FIA, Islamabad, for interrogation and was later delivered to Karachi.
Shoaib Shaikh acquitted in cash laundering case was posted in Nationwide of TheNews Worldwide – https://www.thenews.com.pk on August 25, 2016 and was final up to date on August 25, 2016. This information story is said to Print/145123-Shoaib-Shaikh-acquitted-in-cash-laundering-case/ – breaking information, newest information, pakistan ne. Everlasting hyperlink to the information story “Shoaib Shaikh acquitted in cash laundering case” is https://www.thenews.com.pk/print/145123-Shoaib-Shaikh-acquitted-in-cash-laundering-case.
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