Former Sindh Bank president gets bail in fake bank accounts case

ISLAMABAD: The Islamabad High Court (IHC) on Thursday granted bail to former president of Sindh Bank Bilal Sheikh in fake bank accounts case.

A division bench of IHC headed by Justice Amir Farooq was hearing the case.

The court accepted Sheikh’s bail plea and directed him to submitted surety bonds of Rs10 million.

Bilal Sheikh was arrested providing loan to accused in connection with fake bank accounts and mega-money.

Must Read

IMF highlights advances, complexities in sovereign debt restructuring

Bond restructurings see progress with collective action clauses; Coordination issues prolong negotiations with non-bonded creditors; IMF highlights gaps in loan and collateralized debt restructuring