Pakistan Detains Axact CEO, Shoaib Sheikh For Selling ‘Fake Degrees’

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Pakistani investigators have detained the head of a global internet technology firm suspected of an alleged multi-million dollar fraud selling fake university degrees online. BBC was there:

Axact’s CEO Shoaib Sheikh and his deputy, Waqas Atiq, were taken into custody after a raid at their Karachi offices on Tuesday night. Officials said hundreds of thousands of blank degree forms, student cards and authentication documents were found.

Axact has called the claims “baseless”.

The Federal Investigation Agency (FIA) chief for Sindh province, Shahid Hayat, told media the agency had enough evidence to proceed against Mr Sheikh on charges of fraud, forgery, money laundering and violation of electronic transactions law.

Mr Sheikh was taken into custody 10 days after the International New York Timespublished allegations that the software firm based in Karachi was running a worldwide degree scam.

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