*ISLAMABAD – Supreme Court has announced verdict in the bail plea ofrenowned anchor person Dr Shahid Masood in PTV corruption case. *
*Approving anchorperson Dr Shahid Masood’s bail plea, the Supreme Court onMonday ordered his release on bail in the PTV corruption case.*
A two-judge bench headed by Justice Manzoor Ahmad Malik ordered Masood’srelease against bail bonds amounting to Rs 500,000.
During the hearing, the court observed that three other suspects in thecase were already granted bail by a trail court.
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On Nov 23, the Federal Investigation Agency (FIA) had arrested Masood afterthe Islamabad High Court rejected his bail plea and he was shifted toAdiala jail on judicial remand.
He is accused of embezzling Rs 37 million during his tenure as managingdirector of PTV, and awarding contracts to a fake company. According to theFIA, Masood paid the company a sum of more than Rs3 million at the time ofthe agreement as the firm was registered in Lahore and provided cateringservices.
