Remand for Axact CEO, eight others extended till June 8

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The police remand for Axact CEO Shoaib Shaikh and eight others was extended on Thursday till June 8.

According to the investigation officer’s statements in court, 100,000 fake degrees have been recovered so far after identification from the suspects in remand. He added that there is yet more recovery and investigation still to be made in the case.

On Wednesday evening, the Federal Investigation Agency (FIA) arrested four more individuals in connection with its ongoing investigation into Axact’s scam.

Those arrested from Karachi on Wednesday included Vice President Imran Ahmed, Associate Vice Presidents Muhammad Rizwan and Adnan Saboor as well as a software engineer Atif Hussain.

The FIA was given a 24-hour remand order by the court for the four Axact employees.

FIA sources confirmed that headway has been made in the investigation, but added that a large amount of data is yet to be recovered.

The FIA led crackdown against Axact began after a New York Times story exposed the multi-million dollar fake degree scam where the IT company was operating bogus academic institutions and was selling degrees globally.

5 COMMENTS

  1. Why did it take New York Times to unearth this scandal, why were the authorities asleep in Pakistan? Who approved this company, who knew about the alleged fraud and who was protecting Axit and its nefarious activities. Those Government officials should be charged and locked up for enabling Axit perpetuate an alleged fraud and defame Pakistan. Such officials are enemies of Pakistan.

  2. It always happens in Pakistan to run the state they allow things to go beyond control and they pretend to control by saying that they are doing good work.The body language of the boastful shoed it all as he hardly seems convincing with all tall claims.

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