KARACHI: The Sindh High Court reserved its judgement on Axact chairman’s protective bail.
The application for bail was submitted earlier today by Shoaib Sheikh, Axact chairman. While hearing the case the judge that no case had been registered against him yet, so there was no point in asking for bail.
Meanwhile, the lawyer representing Federal Investigation Agency said that the agency was only investigating the fake degree scam and had not made any arrests yet or registered a case. The lawyer said that Sheikh’s plea for bail was premature.
Axact became part of a major controversy after New York Times published an investigative report claiming that it was running an international fake degree scam.
Following the NYT story, Pakistan authorities were quick to act as Interior Minister Chaudhry Nisar Ali Khan ordered the Federal Investigation Agency (FIA) to launch a probe into the company.
The company’s offices in Karachi and Rawalpindi have since been raided by teams of FIA investigators, who seized its computers.
Several former Axact employees have also come to the fore since the story broke, corroborating the claims made in the NYT report.
On Saturday, a host of senior executives and journalists resigned from Axact’s media group.
Among those who resigned was senior journalist Kamran Khan, the media group’s news channels CEO Azhar Abbas, and senior anchors Asma Sherazi and Iftikhar Ahmed.