[DAWN] Axact CEO and centre of a massive fake degree fraud, Shoaib Ahmad Sheikh was taken into custody in the early hours of Wednesday from his office.In the presence of officials from the Federal Investigation Agency (FIA) as well as police, Sheikh was taken away in a white vehicle.
Sheikh and seven other directors will be produced before a banking court on Wednesday morning.
The arrest came after an FIA raid on the Axact office on Khayaban-e-Ittehad, where officials said a large number of university degrees and student identification cards were recovered.
Sheikh had earlier requested the Sindh High Court to grant him protective bail against a 'potential arrest' in the fake degrees probe currently being undertaken by the FIA. However,
facts are stubborn; statistics are more pliable...
his request was dismissed Monday, as the bench did not find any merit in his application.
The FIA has decided to file a case against Sheikh. According to FIA officials, Sheikh would formally be incarcerated
Please don't kill me!
after registeration of a first information report (FIR).
Last week, action against Axact kicked off after Nisar ordered an inquiry into the story published by The New York Times
...which still proudly displays Walter Duranty's Pulitzer prize...
that claimed the company was issuing fake degrees as part of a massive, global scam.