Axact fake degree case: Shoaib Shaikh’s acquittal declared void
April 25, 2018
ISLAMABAD: The Islamabad High Court on Wednesday declared the sessions court’s decision of acquitting Axact Chief Executive Office Shoaib Shaikh null and void.
The high court has ordered Islamabad west sessions judge to hear the respondents’ arguments again.
On the other hand, the accused persons have been asked to submit new surety bonds to save themselves from being arrested.
The verdict was announced by the two-member bench of justices Athar Minallah and Miangul Hassan Aurangzeb.
The illegal business run by Axact across the globe was unveiled in an article published by American news organisation, The New York Times, on May 18, 2015.
In yet another The New York Times report over the same issue, it was stated that over the past several years, Axact took money from at least 215,000 people in 197 counties – one-third of them being from the United States.
The report stated that sales agents threatened their clients and made false promises while impersonating government officials, making the company earn millions of dollars in its final year of operation.
The Axact CEO was taken into custody after investigators found hundreds of thousands of forged degrees and students’ ID cards from an office of the company in Karachi.
