FIA arrested Axact Chief Executive Officer (CEO) Shoaib Sheikh on Monday after the SSHC accepted the FIA appeal against the acquittal of CEO Axact Shoaib Sheikh in a money laundering case.
The SHC ordered, case of money laundering will be heard again by the trial court.
Shoaib Sheikh stayed inside the court area for couple of hours along with his lawyers try to avoid imminent arrest. Meanwhile, Shoaib Sheikh applied for an interim bail from the court imminently. Chief of Axact arguing there and claim that the FIA should be barred from arresting him.
Later district and sessions court in 2016 had acquitted Axact CEO Shoaib Sheikh in a money laundering case. Later on the SC also took notice the fake degree scandal of Axact.