Islamabad (Staff Report): A district and sessions court on Thursday awarded seven years imprisonment to Axact CEO Shoaib Sheikh and 22 others in the Axact fake degree scandal case.
Judge Chaudhry Mumtaz Hussain also imposed a fine of Rs0.5 million each on the Axact CEO and other accused. However, the court acquitted the defendants of the allegations of money laundering and electronic crimes.
Earlier, the trial court judge had acquitted Axact CEO and other accused in the case.
Additional district and sessions judge Pervaiz-ul-Qadir Memon had confessed to receiving Rs5 million for acquitting Shoaib Sheikh in the case.
Later, the Federal Investigation Agency had filed an appeal against the acquittal of accused, which was accepted by the Islamabad High Court.
The IHC had then declared the acquittal of Sheikh and others void.
It had ordered the sessions court to against listen to the final arguments and announce a verdict in the case.