Bol News Host Army Chief To live Show Program
BOL Network is a media conglomerate based in Karachi owned by Shoaib Ahmed Shaikh, who also served as the CEO and chairman of the media network.
Shoaib Ahmed Shaikh is the CEO and chairman of the BOL Network, a private media house and Axact, a software company based in Karachi that has been accused of scamming millions of dollars through an internet based fake degree scam. He was arrested on May 27, 2015 after the May 17th edition of The New York Times published an in-depth report exposing the fake degree business. Subsequently Axact was sealed on May 28, 2015 and the Information ministry requested PEMRA to close down BOL.
Shaikh is currently under arrest and awaiting trial for offences of fraud, extortion, and money laundering. His bail was rejected by the District and Sessions court of Karachi. Along with four other members of BOL and Axact management, he has stated that they would challenge the decision of the District and Sessions court in superior court.