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FIA summons Axact CEO Shoaib Shaikh tomorrow

KARACHI: The Federal Investigation Agency (FIA) has issued notice to CEO Axact Shoaib Shaikh and summoned him tomorrow, ARY News reported.

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The crime investigation body, in its notice, directed Shaikh, who is also the Chairman BOL Network, to turn up at the FIA office with relevant documents he is asked to bring along.

Meanwhile, Federal Board of Revenue has begun audit of Axact andalso  sought its record.

FIA today carried out raids on a firm accused of running a global fake degree empire, officials said, confiscating computers and holding employees for questioning as the scandal deepened.

The firm Axact was accused by the New York Times of running a network of hundreds of websites for phoney universities complete with paid actors for promotional videos, as part of an elaborate scheme that generated tens of millions of dollars annually.

FIA officers swooped on the Karachi headquarters of the company, seizing equipment and records and expelling employees from the building.

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