A report of the initial investigation of Axact scam will be given to Interior Minister Chaudhry Nisar Ali Khan today.
American journalist Declan Walsh has claimed that the telephone numbers provided by Axact’s universities are not answering the calls and are not replying to his messages and emails.
Declan Walsh has stated that 20 foreign based Axact companies were being used for financial transactions.
He also said that Axact has two bank accounts in the Bank of America whereas the software company also has its mail boxes in Florida, Texas and Colorado.
On the other hand, former employees of Axact named Sikandar Riaz and Ahmed have claimed that they were given the task of handing out fake educational degrees within 15 to 20 days and they earned $0.5 million in three months.
They also stated that the company’s daily revenue till June 2012 was $80,000 to $0.1 million.
“There used to be celebrations whenever the company would earn upto $120,000 per day”, they claimed.
They also said that the fake degrees and diplomas would be sent to their customers through a Dubai-based courier company.