The Axact CEO Shoaib Sheikh and eight other suspects involved in the fake degree scam were ordered to be sent to jail with the physical remand extended till 13th June. Earlier, the FIA officials produced the accused suspects in front on Judicial Magistrate South Noor Muhammad Kalmati.

CEO Axact, Shoaib Sheikh alleged in illegal degrees scandal  is being escorting to City Court by FIA, in Karachi on Thursday, June 04, 2015 - S Imran Ali PPI
CEO Axact, Shoaib Sheikh alleged in illegal degrees scandal
is being escorting to City Court by FIA, in Karachi on Thursday, June 04, 2015 – S Imran Ali PPI
The court ordered authorities to record confessional statements of three witnesses in the ongoing investigation and ordered that nine suspects including Axact CEO Shoaib Shaikh be sent to jail after medical examination.

The counsel representing FIA said that the interrogation has not been completed and due to this, physical remand should be extended. On the contrary, the defense attorney said that interrogations have been concluded and there are no viable reasons for the extension of physical remand.

Mr. Kalmati; the Judicial Magistrate after hearing the arguments made by both parties sent the accused CEO and his eight partners to the judicial remand till 13 June. Furthermore, statement of three witnesses will also be recorded under the section 164 in the next court hearing.

A lawyer for the FIA informed the court that startling facts have been unearthed after the decoding of data from computers seized from the IT firm’s offices in Karachi and Rawalpindi.

According to details from the decoded data supplied by the FIA, several off-shore companies have been found and several secret accounts discovered which the company used to scam people into buying bogus diplomas.

The printing press which produced the degrees has also been seized while several computer hard disks have also been recovered from the personal residences of some of the suspects.

The FIA lawyer told the court that investigation was being carried out on a daily basis.