Shoaib Sheikh, the CEO of Axact, accused in the fake degree scam along with Axact COO Viqas Atiq and three other suspects were sent on physical remand until June 4. The accused were early arrested after FIA investigators discovered thousands of blank diplomas and fake student IDs during Axact’s office in Karachi raid.

Pakistani CEO of software house Axact Shoaib Ahmed Shaikh (L) is escorted by Federal Investigation Agency (FIA) personnel as he appears at a court in Karachi on May 27, 2015. Pakistani investigators on May 27, 2015 arrested the head of a firm accused of running a global fake degree empire and conducted fresh raids at the company's Karachi headquarters where they discovered thousands of blank diplomas.  AFP / Rizwan Tabassum
Pakistani CEO of software house Axact Shoaib Ahmed Shaikh (L) is escorted by Federal Investigation Agency (FIA) personnel as he appears at a court in Karachi on May 27, 2015. Pakistani investigators on May 27, 2015 arrested the head of a firm accused of running a global fake degree empire and conducted fresh raids at the company’s Karachi headquarters where they discovered thousands of blank diplomas. AFP / Rizwan Tabassum
Investigating officer Saeed Memon presented the suspects in the court of judicial magistrate Noor Mohammad, who remanded them into FIA custody for further investigation. The FIA informed the court that over two containers full of blank diplomas were found from the Axact offices and that more was being collected.

The court ordered Memon to present the initial findings of his investigation on June 4 and a complete report on June 7.

Earlier Shoaib Sheikh was arrested and taken to city court in Karachi. The arrest took place on Wednesday, after FIA discovered thousands of diplomas in the IT Company’s headquarter. After the recovery of fake diplomas in the office, a fraud and forgery case was lodged against the CEO of Axact.

An FIR 7/2015 was registered under sections 468(Forgery for purpose of cheating), 470(Forged document), 472(Making or possessing counterfeit seal, etc., with intent to commit forgery punishable under Section 467), 473(Making or possessing counterfeit seal, etc., with intent to commit forgery punishable otherwise) and 474 (Having possession of document described in Section 466 or 467 knowing it to be forged and intending to use it as genuine) of the Pakistan Penal code. Sections 3, 4, 36 and 37 of Electronic cyber Crime were also included in the case.

After the arrest tool place, the officials also raided the Axact office where they found sound evidence of fraud and forgery. Different students’ cards and documents of various universities were seized by the FIA team. DSP Amir Hameed led the raid team that consisted of FIA officers and officers of Special Investigation Unit. Apart from the CEO Axact, seven directors of Axact were also arrested by the FIA officials.

Shoaib Sheikh was being questioned regarding the fake degrees and bogus universities from the last two days. He was summoned to the FIA office on Monday and Tuesday respectively.

Also read: Fake degrees, students IDs found at Axact office: DG FIA