KARACHI:
A sessions court on Wednesday allowed the Federal Investigation Agency (FIA) to shift detained CEO Shaikh and four other members to Islamabad for further investigations.
The FIA had arrested Axact CEO Shoaib Ahmed Shaikh and four members of his management team — Viqas Atique, Zeeshan Anwar, Mohammad Sabir and Zeeshan Ahmed — on May 27 after lodging a case in Karachi and also arrested some other officials of the company earlier this month for allegedly preparing and selling fake degrees, diplomas and accreditation certificates of fictitious schools/universities through a fraudulent online system and illegally minting millions of dollars, according to reports.
After remaining in FIA custody on remand for questioning, all the suspects were sent on June 8 to prison on judicial remand.