Islamabad - A local court Friday remanded Chief Executive Officer (CEO) of Axact Shoaib Shaikh to physical custody of Federal Investigation Agency (FIA) for seven days for his alleged involvement in fake degrees scam. Senior civil judge Abdul Ghafoor Kakar granted FIA his physical custody along with three other officials of Axact for seven days. The three others remanded into the FIA’s custody included Axact officials Viqas Atiq, Zeeshan Ahmed and Zeeshan Anwar.

The FIA officials produced all of them before the court and submitted an application seeking their 12 days physical remand to investigate them the details of their alleged involvement in fake degrees scam.

However, the court granted FIA the physical custody of all the accused people for seven days and directed the police to produce them before the court on the next hearing. FIA is investigating Shoaib Sheikh and other Axact officials about money laundering, selling fake degrees and other charges following a New York Times report which alleged that the company was a fake degree mill.