Chief Justice of Pakistan Justice Saqib Nisar today heard Supreme Court's suo motu on the Axact fake degrees case.

During today's hearing, the counsel for the Pakistan Broadcasters Association informed the court that the company’s capital is Rs7 million whereas its salaries’ head is Rs8 billion.

The chief justice remarked that the existence of accounts with billions of rupees will have to be traced, adding that the Federal Board of Revenue can be tasked to do an audit so the facts can surface. The case is bringing Pakistan into disrepute, he observed further.

The Axact scandal surfaced in May 2015, when The New York Times published a report had claimed the company sold fake diplomas and degrees online through hundreds of fictitious schools, making “tens of millions of dollars annually”.

The chief justice had taken suo motu notice of the scandal on January 19.