Axact CEO shifted to Adiala jail after arrest

Published September 26, 2018
Axact CEO Shoaib Shaikh. — Photo: File
Axact CEO Shoaib Shaikh. — Photo: File

ISLAMABAD: The Federal Investigation Agency (FIA) on Tuesday arrested Shoaib Shaikh, the owner and chief executive officer of Axact, and shifted him to Adiala jail months after he had been convicted in a fake degree scam case, FIA sources confirmed to Dawn.

On July 6, the district and sessions judge, Islamabad, had sentenced him to 20-year imprisonment in the fake degrees scam case. Twenty-four of his accomplices were also convicted in the same case and they were given jail terms ranging between three and seven years.

However, the Axact chief had not surrendered to the court following his conviction and managed to escape. The FIA reportedly did not make any effort for his arrest during the past two and a half months.

The sources said the FIA arrested him on Tuesday as the Supreme Court was set to resume hearing in the matter on Thursday.

The FIA had registered an inquiry on May 19, 2015, against M/s Axact Ltd Islamabad region on a charge of preparing and selling degrees of fake online educational institutions with fake accreditation bodies, enticing innocent people through impersonation as student counsellors within Pakistan and abroad.

Published in Dawn, September 26th, 2018

Opinion

Editorial

Kurram atrocity
22 Nov, 2024

Kurram atrocity

WITH the situation in KP’s Kurram tribal district already volatile for the past several months, the murderous...
Persistent grip
22 Nov, 2024

Persistent grip

PAKISTAN has now registered 50 polio cases this year. We all saw it coming and yet there was nothing we could do to...
Green transport
22 Nov, 2024

Green transport

THE government has taken a commendable step by announcing a New Energy Vehicle policy aiming to ensure that by 2030,...
Military option
Updated 21 Nov, 2024

Military option

While restoring peace is essential, addressing Balochistan’s socioeconomic deprivation is equally important.
HIV/AIDS disaster
21 Nov, 2024

HIV/AIDS disaster

A TORTUROUS sense of déjà vu is attached to the latest health fiasco at Multan’s Nishtar Hospital. The largest...
Dubious pardon
21 Nov, 2024

Dubious pardon

IT is disturbing how a crime as grave as custodial death has culminated in an out-of-court ‘settlement’. The...