Chief Justice demands tax records of Axact and Bol TV from FBR [DailyTimes] 14 Mar, 2018

ISLAMABAD: Supreme Court (SC) on Wednesday demanded Axact company’s tax records in light of the fake degrees scandal and that of its news channel Bol TV from the Federal Board of Revenue (FBR).Chief Justice of Pakistan (CJP) Saqib Nisar termed the allegations against Axact as serious, questioning the officials of their source of income as Bol TV does not take advertisements. Nisar directed the FBR to present a ten-year tax record of Axact.Nisar upon being questioned about Axact’s owner Shoaib Shiekh’s bail responded that he shall rest in jail for the crimes he had committed. He added that the court will not let anyone damage the country’s image.Federal Investigation Agency (FIA) added to the court’s knowledge about Shoaib Sheikh’s shares in foreign companies.FIA had raided Axact offices in Rawalpindi and Karachi on May 27, 2015 detaining at least 32 employees including the executive members and the Chief Executive after a scandal of thousands of fake degrees issued by Axact was published by the New York Times. In light of the fake degrees’ scam, printing press under Axact was seized by the FIA and Bol TV channel was banned for possession of machinery purchased illegally.

More News

US may not be able to get along with China, Beijing gave America 'gift' of coronavirus: Trump

06 Jun, 2020 The Nation

Relations between the two economic superpowers have sunk to new lows in recent months, with Washington and Beijing sparring over who's to blame for th ... Detail

US prisoner swap deal happened ‘despite Trump subordinates’ efforts: Iran's Zarif

06 Jun, 2020 The Nation

On Thursday, the US president confirmed that former US Navy veteran Michael White had been released after spending over a year-and-a-half incarcerated ... Detail

Head of Military Industry authority appointed as new Belarus Prime Minister

05 Jun, 2020 The Nation

Belarusian President Alexander Lukashenko has appointed Roman Golovchenko, the head of the State Authority for Military Industry, as the new prime min ... Detail

Role of governance to counter COVID-19 in Pakistan

05 Jun, 2020 The Nation

The Coronavirus (COVID-19) pandemic has compelled countries around the world to implement immediate and long-term governance initiatives in order to r ... Detail

Saudi Arabia Reimposes Curfew in Jeddah

05 Jun, 2020 AbbTakk

RIYADH: Saudi Arabia has reimposed a curfew in the Red Sea city of Jeddah from 3 p.m to 6 a.m for two weeks starting on Saturday due to the spread of ... Detail

Post Your Comments
Type your Comments / Review in the space below.
Verify Code