TV channel News One’s top analyst, renowned anchor and Ex-Chairman PTV Dr, Shahid Masood was arrested by the Federal Investigation Agency (FIA) on Friday after the Islamabad High Court dismissed his pre-arrest bail.
The arrest was made at the court premises in a case relating to his alleged involvement in embezzlement as the head of PTV.
During today’s hearing, Masood’s counsel Shah Khawar argued that the anchor had not been nominated in the first information report lodged for the case.
Roshan Mustafa Gillani, another suspect, also returned Rs8m. Both Rabbani and Gillani had said that the remaining amount was to be returned by Masood, the PTV lawyer told the court.
After hearing arguments from both sides, the judge dismissed the anchor’s appeal for a pre-arrest bail.
According to the prosecution, Dr Masood had signed an agreement with a fake company to negotiate with the Pakistan Cricket Board for grant of rights to the PTV for coverage of cricket matches played in Pakistan. Because of the agreement, the PTV had to face heavy losses.