ISLAMABAD:
The release of Shoaib Sheikh, owner of the Axact company involved in the fraud of billions of rupees was released after the bribe of Rs 50 Lakh, it has been reliably learnt.
A sitting judge has allegedly admitted to receiving Rs5 million in bribe to acquit Shoaib Ahmad Shaikh in the Axact fake degree scandal case.
In the latest development it has emerged that Additional District and Sessions Judge Pervaizul Qadir Memon has allegedly admitted before the Islamabad High Court that he received Rs5 million to acquit Bol TV’s CEO Shoaib Ahmed Shaikh in the Axact case.
IHC’s show-cause notice issued to the judge read that he “committed an act of corruption by receiving illegal gratification to the tune of Rs5 million for acquittal of accused [Shoaib Ahmed Sheikh] through judgment dated 31.10.2016”.