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Wednesday May 27, 2015, Shaban 8, 1436 Hijri
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Axact CEO taken into custody from his office

27 May, 2015
KARACHI: Axact CEO Shoaib Ahmad Shaikh was taken into custody in the early hours of Wednesday  27,May,2015 from his office. In the presence of officials from the Federal Investigation Agency (FIA) as well as police, Shaikh was taken away in a white vehicle.

Sheikh and seven other directors will be produced before a banking court on Wednesday morning. The arrest came after an FIA raid on the Axact office on Khayaban-e-Ittehad, where officials said a large numbe ... read more

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