October 16, 2016
ISLAMABAD – A sessions court in Karachi Saturday indicted Shoaib Shaikh, CEO of software company Axact, and 13 others in a fake degrees case.
Dawn reported that Shaikh, his wife Ayesha Shoaib and others were charged with preparing and selling fake degrees, diplomas, and accreditation certificates of fictitious schools and universities through a fraudulent online system.
Shaikh also heads the BOL Media Group that plans to launch BOL News Television soon.
The paper said the Additional District and Sessions Judge (South) Sohail Ahmed Leghari read out the charges. The accused pleaded not guilty and opted to contest the case.
The court asked the prosecution to produce witnesses on October 21.
Shaikh and his senior managers languished in jail since May 2015 after a New York Times story claimed Axact, the parent organization of BOL News, was involved in selling fake degrees worldwide.
The Sindh High Court had granted bail to all the accused on August 15 this year.
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