The Sindh High Court has rejected the bail plea of three employees of the Aqeel Karim Dhedhi (AKD) Securities group in the EOBI (Employees Old-Age Benefit Institution) corruption scam.
The SHC bench headed by Justice Farooq Shah pronounced the verdict on bail plea, reserved by the bench led by Justice Abdul Rasool Memon.
The accused include Muhammad Farid Alam, CEO of AKD Securities, Tariq Adam Ghumra, Director and Head of Equity Operations AKD Securities, and Muhammad Iqbal, another director in the AKD Group.
All the three officials are accused of mega corruption in EOBI shares.
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