Fake Diplomas, Real Cash: Pakistani Company Axact Reaps Millions

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[Asian.Century]

Axact Fake Degree Scandal: Court Sentences CEO Shoaib Sheikh to 7 years in Jail
By
Fizza Atique
-
Jul 6, 2018

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Axact CEO Shoaib Sheikh with 23 other staff members, sentenced by a district and sessions court to seven years in prison due to the Axact fake degree scandal. Shoaib Sheikh, has been caught in cases including money laundering, fake degree etc.

Axact CEO and others were sentenced to 3 years under sections 419 and 420 of Pakistan Penal Code and also got fined for Rs. 0.3 million each. The 7 years of imprisonment was made under sections 468 and 471.

The latest development in Axact Fake Degree Scandal
Axact, a Pakistani Software Company, came into limelight during May, 2015 when New York Times tried to expose some of its projects in the media; one of which was fake degree case.

The Supreme Court on hearing the suo moto notice of the Axact fake degree scandal had ordered the Islamabad and Sindh high courts to cover up the appeals against suspects.

Later, the Federal Investigation Agency had filed an appeal against the acquittal of accused, which was accepted by the Islamabad High Court. IHC termed the acquittal of Axact CEO Shoib Sheik Fake.

All the convicts, including Sheikh, had earlier been released on bail and were not present in the court when the judgement against them was announced. Since they did not turn up for the announcement of the verdict, the court cancelled their bails and issued non-bailable perpetual arrest warrants against them.

The latest development reveals that the court has finally sentenced Shoaib Sheikh and his management for a seven-years in prison.

Also Read: Court Drops All Charges Against Axact CEO Shoaib Shaikh

 

[LASER1]

^^Now beaten Bill Gates. 7 years jail time, can Mr. Gates beat that?

Chasing Bill Gates