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SHC denies Axact’s CEO Shoaib Sheikh protective bail plea

Latest Update: May 25, 2015 | 104 Views

KARACHI: Sindh High Court (SHC) on Monday dismissed a protective bail plea filed by the Chief Executive Officer (CEO) of Axact group, Shoaib Sheikh.

Earlier, Shaikh, accompanied by his lawyers, appeared before the SHC judge and submitted an application seeking protective bail in the wake of bogus degree scandal.

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.

Authored by Declan Walsh, former Islamabad bureau chief of the US-based paper, the report said that the company operates from Karachi, where it employs over 2,000 people and calls itself Pakistan’s largest software exporter, with Silicon Valley-style employee perks like a swimming pool and yacht.

The report said the company does sell some software applications but according to former insiders, company records and a detailed analysis of its websites, its main business has been to take the centuries-old scam of selling fake academic degrees and turn it into an Internet-era scheme on a global scale.


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