10 accused released on bail in Axact case
KARACHI: Ten out of the 14 accused in the Axact fake degree scandal case were released from jail on Wednesday
. The release of four including Shoaib Sheikh, CEC Axact, was deferred because they were also facing some other cases. They were ordered to be freed by Additional District and Sessions Judge Sohail Ahmed Laghari .
Earlier, a hearing was conducted in the SHC in which the court granted bail to the suspects over a surety bond of Rs500,000 each.
On May 27, 2015, the Federal Investigation Agency had detained at least 32 employees, including the executive body members and CEO of Axact, during raids in Rawalpindi and Karachi after the New York Times published a story about issuance of millions of fake degrees by Axact.