News Pakistan

Axact CEO submits protective bail plea in SHC

Latest Update: May 25, 2015 | 100 Views

KARACHI: The Chief Executive Officer (CEO) of Pakistan’s software company Axact, Shoaib Sheikh, appeared in Sindh High Court on Monday and submitted an application seeking protective bail in a case of bogus degree scandal.

Sheikh, accompanied by his lawyers, appeared before the SHC judge who started hearing into the case. The scam is being investigated by Federal Investigation Agency (FIA) on directives of Federal Interior Minister Chaudhry Nisar Ali Khan.

A New York Times report last week revealed that a Pakistani IT firm is involved in a worldwide scam of selling fake degrees making millions of dollars at the cost of Pakistan’s reputation.


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