Pakistan

Axact CEO files plea in SHC for protective bail

KARACHI: Axact CEO Shoaib Shaikh on Monday filed a petition in Sindh High Court (SHC) for protective bail, ARY News reported.

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Shoaib Shaikh, the chief executive officer (CEO) of Karachi based software company Axact, this morning reached high court and submitted a protective bail plea to avoid an arrest in fake degrees scam against his company.

Anwar Mansoor, the counsel of Shoaib Shaikh, has said that the court hearing of the petition was expected today.

Axact faced tough criticism across Pakistan after The New York Times said in a report that it was earning tens of millions of dollars by selling fake degrees.

Federal Investigation Agency (FIA) initiated a probe in the accusations after Interior Minister Chaudhry Nisar taken notice of the NYT report and ordered an inquiry against the company which was also accused of fake State Department authentication certifications bearing the signature of John Kerry.

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