Dr. Iftekhar Shams
Chief Executive Officer of Lambirds Academy Dr. Iftekhar Shams has been granted bail in the sum of over $600,000.
Shams was granted bail in the sum of $35,000 on each of seven charges, and $8,000 each on 49 charges of obtaining money by deception, when the matter was heard in court today.
However, Shams attorney Marcus Foster said the prosecution has objected to granting bail and has indicated orally that they plan to appeal this decision.
The prosecution has twelve hours to submit a written appeal for consideration by the court.
The Lambirds CEO, who suffers from diabetes and hypertension, was hospitalised several times for collapsing in prison.
Over 70 suspected students were left stranded by the scandal.