Axact fake degree scam: 35 more foreign accounts unearthed


KARACHI: A local court in Karachi on Tuesday granted the Federal Investigation Agency (FIA) permission to probe 35 bank accounts linked to Axact, the Pakistani IT firm accused of making millions of dollars selling fake degrees online.


According to sources in the FIA, the ongoing investigation into the company’s activities has revealed 35 foreign bank accounts in USA, UAE and Singapore.

Investigators have also unearthed 19 Axact-linked off-shore companies based in USA, Britain, UAE, Ireland, Greece, and Singapore.