KARACHI:
A district and sessions court has given investigators 10 days to submit the final charge-sheet against nine men of Axact, which has been sealed due to fake degree scam, including the CEO Shoaib Sheikh.
Judicial Magistrate (South) on Saturday directed the investigators to present the witnesses in court on Monday.
The FIA submitted a supplementary challan of the case, claiming that besides producing fake degrees, the suspects were also involved in money-laundering.
“The accused had opened numerous bank accounts under different names and were using them for illegal transactions from Dubai.”
The FIA said Axact had spent the money on luxury cars and a 45-acre plot of land in DHA. “An investigation into it is under way and we are preparing a separate challan for financial irregularities.”
The agency also declared Axact CEO’s wife Aisha Sheikh, a director at the company, and Farhan Kamal as absconding suspects.
[…] Karachi News Sources […]
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