SHC rejects Axact CEO’s petition for protective bail

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KARACHI:

Sindh High Court (SHC) Monday dismissed a protective bail plea filed by the Chief Executive Officer (CEO) of Axact, Shoaib Sheikh, according to local media sources.

The scam is being investigated by Federal Investigation Agency (FIA) on directives of Federal Interior Minister Chaudhry Nisar Ali Khan, reportedly.

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.