AKD Securities case: SHC seeks FIA comments on bail applications

Published: January 29, 2016
SHARES
Email
Aqeel Karim Dhedhi. PHOTO: MOHAMMAD SAQIB

Aqeel Karim Dhedhi. PHOTO: MOHAMMAD SAQIB

KARACHI: 

The Sindh High Court (SHC) directed Federal Investigation Agency (FIA) on Thursday to file comments on bail applications filed by the AKD Securities chief executive officer and two others in a multi-billion pensions scam.

Headed by Justice Muhammad Farooq Shah, the bench asked the FIA to file its comments by February 4.

AKD Securities’ CEO Farid Alam, Director and Head of Equities Tariq Adam Ghumra and Director Muhammad Iqbal have filed bail application in the SHC after being refused by the trial court.

FIA officials had detained the AKD top executives on January 4, for their alleged involvement in a scam relating to the sale of shares to the Employees Old-Age Benefits Institution (EOBI). Since then, they are in FIA custody for questioning.

Published in The Express Tribune, January 29th, 2016. 

Leave Your Reply Below

Your comments may appear in The Express Tribune paper. For this reason we encourage you to provide your city. The Express Tribune does not bear any responsibility for user comments.

Comments are moderated and generally will be posted if they are on-topic and not abusive. For more information, please see our Comments FAQ.

More in Pakistan