Punishment is ok could have been little more harsh and should have taken all their assets and people related to any organisation should not be spared at all. No separate evidence required for them. Since they did not turn up for the announcement of the verdict, the court cancelled their bails and issued non-bailable perpetual arrest warrants against them. Awaam Are you serious! Comments 72 Closed Popular Newest Oldest.

The Canadian Broadcasting Corporation ‘s television series Marketplace carried out an investigation into the prevalence of fake academic credentials. Are you kidding me. The 23 convicts were sentenced to: How come the judge decided the verdict without the presence of the accused in the court? All the suspect certificates were found to be from Axact. According to Securities and Exchange Commission of Pakistan records, the company was registered in June and had a paid up capital of Rs. Government records show that it paid an income tax of approximately Rs.

Axact case, again – Newspaper –

SBP warns of higher inflation next fiscal year. Therefore, he was allowed to leave upon reaching the airport.

axact case study

He should’ve been given life imprisonment for what he has done. The matter must be urgently addressed if Pakistan wants to avoid further humiliation on the international stage.

Canadian Broadcasting Corporation, September 15, Seven years for making billions and 13 lack fine? It is called slap on the wrist–too lenient. After completion of sentence and payment of imposed fines, the accused will be legal owners of the money they have achieved through the mentioned process. It all began nearly 15 months sthdy when an investigative story appeared in The New York Times claiming that the company Axact was involved in running nearly websites issuing fake diplomas around the world.


The spectacular crash of Shoaib Shaikh’s digital empire. He might also want to talk to the multiple special public prosecutors who quit the case all of a sudden, giving vague reasons for their decision. All his assets acquired through Axact and BOL should’ve been seized.

During the sudy, Pakistan Chief Justice called the scam a national shame. cae

For 15 months, the accused persons in this case suffered hardship of imprisonment besides going through mental torture and agony for shudy case that had no proof and no complainant. The 23 convicts were sentenced to: Sounds like a good deal to me. Its office records were sealed and key officers were apprehended for interrogation. Please support us by taking a moment to turn off Adblock on Dawn.

The devastating affect of fake degrees will leave a long duration in places wherever they got acceptance. In SeptemberShoaib Shaikh, the owner and CEO was arrested and sentenced to 20 years for the scam along with 22 of his staff members.

The Axact case

The chief justice may want to delve into the reported incident of the abduction and roughing up of an FIA investigator who was a key player in examining the contents of the Axact servers when they were seized by the shudy.

A number of senior journalists and TV anchors who were lured to join Bol found themselves in a tricky and complicated situation where they had no choice other than to accept this sudden change, and forget about their appearance on the great launch of a channel that was supposed to bring revolutionary changes in media industry. The findings uncover that the corporate greed and especially the personal greed of its criminal mind chairman cum chief executive led to devastation of business values, ethics, and corporate citizenship.


axact case study

However, since all the sentences will run concurrently, the maximum time each convict would have to spend in jail is seven years. Punishment is ok could have been little more harsh and should have taken all their assets and people related to any organisation should not be spared at all.

axact case study

PM okays appointment of 18 ambassadors. The issue was also taken up in the Senate of Pakistan where Chairman of the Senate Stufy Rabbani constituted a committee to probe into the issue.

The Axact case – Daily Times

It’s actually 7 years stjdy when all the sentences run concurrently. Dear reader, online ads enable us to deliver the journalism you value. The prosecution failed to prove the offences under Sections 36 and 37 of the Electronic Transaction Ordinance, and Section 4 of the Anti-Money Laundering Acthence the accused were acquitted of these charges. Got convinced about the system when I saw Dr Asim Hussain coming out of prison!!!

Young IT professional were first lured into employment by Exact. Jul 05, No separate evidence required for them.

Seeing all this for a long time!!!! The spectacular crash of Shoaib Shaikh’s digital empire The accused were handed down sentences under various charges, amounting to a collective punishment of 20 years each. Axact’s ex-employee spills the beans”.