Dr Shahid Masood granted bail in Rs 38 million embezzlement case

Dr Shahid Masood is facing charges of Rs 38 million embezzlement during his tenure as Managing Director and Chairman of state-run Pakistan Television Corporation.

The Supreme Court (SC) on Monday granted bail to prominent TV anchorperson Dr Shahid Masood against surety bonds worth Rs 500,000.

A two-member bench headed by Justice Manzoor Ahmed accepted Masood’s bail application.

The anchorperson stated in his appeal that he is a “blunt” analyst and critic of government policies, due to which he has been “a target of governmental institutions.”

Dr Shahid Masood is facing charges of Rs 38 million embezzlement during his tenure as Managing Director and Chairman of state-run Pakistan Television Corporation.

The Federal Investigation Agency (FIA) levelled charges against him that he was involved in the embezzlement of the mentioned amount in acquiring Pakistan Cricket Board (PCB) media rights in 2008.

The agreement was allegedly carried out with a fake company, causing loss of millions of dollars to PTV. PTV failed to acquire Pakistan Cricket Board media rights from 2008 to 2013.

The anchor said, the FIA harassed him and has no proof against him.