KARACHI- Axact CEO Shoaib Ahmad Shaikh was taken into custody from his office in relation to a massive fake degree fraud.
Shaikh was taken away in a white vehicle in the presence FIA officials.
According to our sources, a case has been registered against him and Axact with sections related to money-laundering and cyber crimes. The FIA is also investigating the details of Axact’s accounts. Also, the offices of Axact have been sealed.
The New York Times report had accused Axact of running a bogus, parallel accreditation system online.