Shoaib Ahmed Shaikh: Difference between revisions
The other nationality is not proved and was just a mere speculation by media without any proof Tags: Mobile edit Mobile web edit |
→Bail Granted: Added reference for the updated situation from a news channel Tags: Mobile edit Mobile web edit |
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==Bail Granted== |
==Bail Granted== |
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After almost 14 months Shoaib Ahmed Shaikh and 13 other management officials of Axact were granted bail by the SHC on the basis of 5 Lakh each surety bonds. They are on bail now as not a single evidence or witness was presented by the prosecution in 14 months . |
After almost 14 months Shoaib Ahmed Shaikh and 13 other management officials of Axact were granted bail by the SHC on the basis of 5 Lakh each surety bonds. They are on bail now as not a single evidence or witness was presented by the prosecution in 14 months . |
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<ref name=dunyanews.tv">{{cite web | url=http://www.dunyanews.tv/en/Pakistan/349550-Court-issues-release-order-of-Shoaib-Shaikh-13-ot |
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He is planning to educate 10 Million children of Pakistan (free of cost) through SED Axact and as well aiming to give employment up to Sixty thousand Pakistanis through Gal Axact by the year 2019. Currently the minimum pay offered in Axact is $475/month (PKR50000).<ref name="axact.com">{{cite web | url= http://www.axact.com/leadership/shoaib-shaikh/ | title= Speech at Team Meet 2013-14 | publisher=Axact | accessdate=April 22, 2015 | author=Axact}} </ref> |
He is planning to educate 10 Million children of Pakistan (free of cost) through SED Axact and as well aiming to give employment up to Sixty thousand Pakistanis through Gal Axact by the year 2019. Currently the minimum pay offered in Axact is $475/month (PKR50000).<ref name="axact.com">{{cite web | url= http://www.axact.com/leadership/shoaib-shaikh/ | title= Speech at Team Meet 2013-14 | publisher=Axact | accessdate=April 22, 2015 | author=Axact}} </ref> |
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Revision as of 18:42, 17 August 2016
Shoaib Shaikh | |
|---|---|
| Born | Shoaib Ahmed Shaikh Karachi |
| Nationality |  Pakistan |
| Occupation(s) | CEO and Chairman at Axact, BOL Network |
Shoaib Ahmed Shaikh is the CEO and chairman of the BOL Network and Axact.
Arrest
Following the publication of the New York Times article, Pakistan's Interior Minister Chaudhry Nisar Ali Khan directed the country's Federal Investigation Agency to begin inquiry into whether the company was involved in any illegal business. Following the interior minister’s order, cyber crime team of FIA raided Axact’s office in Karachi and Islamabad and seized computers, recorded statements of employees as well taking into custody 25 employees of the company and 28 employees from Rawalpindi office. The FIA team found and seized several blank degrees as well as fake letterhead of the US State Department. The investigation was transferred from the FIA's cyber crime department to its corporate department. The issue was also taken up in Senate of Pakistan where Chairman of the Senate Raza Rabbani constituted a committee to probe into the issue. Pakistan's tax authorities and the SECP also initiated investigations into the company.However still there are no proves submitted in court against the said accusations.[1]
On May 26, 2015, Federal Investigation Agency arrested Shoaib Ahmed Shaikh for investigation. The case was filed against him on May 27, 2015 in Karachi, Pakistan.[2][3]
Bail Granted
After almost 14 months Shoaib Ahmed Shaikh and 13 other management officials of Axact were granted bail by the SHC on the basis of 5 Lakh each surety bonds. They are on bail now as not a single evidence or witness was presented by the prosecution in 14 months .
Cite error: A <ref> tag is missing the closing </ref> (see the help page).
References
- ^ http://www.nytimes.com/2015/05/18/world/asia/fake-diplomas-real-cash-pakistani-company-axact-reaps-millions-columbiana-barkley.html?_r=0
- ^ Imtiaz Ali. "FIR registered against Axact CEO, six others in fake degree scam". Dawn. Retrieved May 27, 2015.
- ^ "Axact CEO Shoaib Shaikh arrested". Dunya News. May 27, 2015. Retrieved May 27, 2015.