[DAWN] The Federal Investigation Agency (FIA) on Monday juggedDrop the heater, Studs, or you're hist'try!
Axact Chief Executive Officer (CEO) Shoaib Sheikh after the Sindh High Court (SHC) accepted the agency's appeal against his earlier acquittal in a money laundering case.
Setting aside an earlier decision by a district and sessions court, the SHC ordered that the case be heard again by a trial court. The district and sessions court had acquitted Sheikh in the case in 2016.
Following the acceptance of its appeal, FIA officials had set up pickets at the court's exits to arrest Sheikh.
The Axact chief, along with his lawyers, had holed up inside the court's premises for several hours to avoid arrest. His counsels had meanwhile insisted that the court had not ordered for Sheikh's arrest and that he should be given time to approach a court for bail.
During this period, Sheikh had also applied for interim bail, arguing that the FIA should be barred from arresting him. The Axact chief had assured the court that he was ready to face trial in the lower courts, but the court turned down the plea.