KARACHI (Web Desk) – The Sindh High Court on Monday dismissed the protective bail plea of Axact’s Chief Executive Officer (CEO) Mr Shohaib Sheikh.
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Earlier today, Shoaib Sheikh appeared in Sindh High Court and submitted an application seeking protective bail in a case of bogus degree scandal, local media reported.
Accompanied by his lawyers, Sheikh appeared before Justice Ali Shiekh and submitted his application in the court.
Last week, a New York Times report revealed that a Pakistani IT firm is involved in a worldwide scam of selling fake degrees making millions of dollars at the cost of country’s reputation.
Authored by Declan Walsh, former Islamabad bureau chief of the US-based paper, the NYT report said that the company operates from Karachi, where it employs over 2,000 people and calls itself Pakistan’s largest software exporter, with Silicon Valley-style employee perks like a swimming pool and yacht.
The report said the company does sell some software applications but according to former insiders, company records and a detailed analysis of its websites, its main business has been to take the centuries-old scam of selling fake academic degrees and turn it into an Internet-era scheme on a global scale.